Calculate the inventory turnover ratio if average inventory is 40,000 and cost of sales is 280,000.

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Calculate the inventory turnover ratio if average inventory is £40,000 and cost of sales is £280,000.

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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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Question Posted: Jan 31, 2024 06:00 AM

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Calculate the inventory turnover ratio if average inventory is 40,000 and cost of sales is 280,000.

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The Inventory Turnover is a ratio that shows how many times a business sold and replaced its inven...View the full answer

Frank Woods Business Accounting

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