Question
Clayton Ltd's average inventory in the year ended 30 June 2022 was $12 000. Sales for the same year were $100 000, and the
Clayton Ltd's average inventory in the year ended 30 June 2022 was $12 000. Sales for the same year were $100 000, and the gross profit margin was 25 per cent. What was the number of days inventory was on hand? (keep one digit after the decimal).
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Accounting Business Reporting For Decision Making
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978-0730302414, 0730302415
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