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

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

20X8 20X7

£000 £000 Opening stock 1605.3 1 396.4 Purchases 19 360.4 19 568.9 Closing stock (1565.7) (1 605:3)

Cost of sales 19 400.0 19 360.0 Calculate the stock turnover in days for both years. Has it improved or worsened in 20X8?

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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 10:01 AM

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

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Financial Accounting For Non Specialists

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