9.28 A sole traders inventory at 31 December 2011 was 405 000. By 31 December 2012 inventory...
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9.28 A sole trader’s inventory at 31 December 2011 was £405 000. By 31 December 2012 inventory had increased in value by 10%. Cost of sales for the year ending 31 December 2012 was £1 506 700.
What was the business’s inventory turnover in days?
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