Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi, If the cost of sale for current year is 36,349,929 and inventory is 11,145,100. How can i caluclate planning materality for inventory turnover for
Hi, If the cost of sale for current year is 36,349,929 and inventory is 11,145,100. How can i caluclate planning materality for inventory turnover for this because i want to use inventory turnover as base for materiality. As if i divide cost of sale for inventory i will get inventory turnover but i can't understand how to calculate from the ratio rather than an amount..
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started