8 Stock turnover. From the information set out below, calculate the stock turnover ratio and average inventory
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8 Stock turnover. From the information set out below, calculate the stock turnover ratio and average inventory days for Harry’s Bar and Restaurant for both the current and previous years:
Current year (£) Previous year (£)
Opening stock 36,634 31,246 Closing stock 54,982 36,634 Cost of sales 1,099,660 1,132,980 Assume a 360 day year.
Based on your findings, what comments would you make to Harry?
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