A sole trader's stock at 31 December 20X7 is 405 000. By 31 December 20X8 stock has

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A sole trader's stock at 31 December 20X7 is £405 000. By 31 December 20X8 stock has increased in value by 10%. Cost of sales for the year ending 31 December 20X8 is £1 506 700.

What is the business's stock turnover in days?

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Financial Accounting For Non Specialists

ISBN: 9781844802050

2nd Edition

Authors: Catherine Gowthorpe

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Question Posted: Jul 08, 2024 10:02 AM

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A sole trader's stock at 31 December 20X7 is 405 000. By 31 December 20X8 stock has

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Financial Accounting For Non Specialists

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