14.16A The following are extracts from the profit and loss accounts of a sole trader business for...

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14.16A The following are extracts from the profit and loss accounts of a sole trader business for the years ending 31 December 20X8 and 20X7:

Opening stock Purchases Closing stock Cost of sales Calculate the stock turnover in days worsened in 20X8?

20X8 20X7

£000 £000 1 605.3 1 396.4 19 360.4 19 568.9

(1 565.7) (1 605.3)

19400.00 19 360.00 for both years. Has it improved or

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Business Accounting And Finance For Non Specialists

ISBN: 9781861528728

1st Edition

Authors: Catherine Gowthorpe

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Question Posted: Jul 12, 2024 10:06 AM

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14.16A The following are extracts from the profit and loss accounts of a sole trader business for...

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