A company has beginning inventories of 1 500 000 and ending inventories of 1 400 000 for

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A company has beginning inventories of ¥1 500 000 and ending inventories of ¥1 400 000 for the reporting period. Gross profit is ¥4 000 000 and revenue is ¥10 000 000.

Profit for the period is ¥1 000 000.

What is the inventories turnover ratio?

a. 1.45

b. 6.9

c. 4.14

d. 0.24LO1.

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Financial Accounting A Global Perspective

ISBN: 9780470518403

1st Edition

Authors: Rod Monger

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Question Posted: Jun 16, 2024 04:20 AM

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A company has beginning inventories of 1 500 000 and ending inventories of 1 400 000 for

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Financial Accounting A Global Perspective

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