o swer te ollowing 2 questions. Saw Ltd's inventory at 1 July 2011 was S16 300, and at 30 June 2009 it was S23 700. Sales for the year ended 30 June 2012 were $125 000 and the gross margin was 20%. 11. What was the inventory turnover? A. 5.25 times p.a. B. 5 times p.a. C. it cannot be calculated from the information provided D. 1.25 times p.a. ANS: analysis PTS: 1 DIF: Medium TOP: Financial statement ratio What was the number of days' inventory on hand? A. 73 days B. 69.5 days C. it cannot be calculated from the information provided D. 50 days. 12. DIF: Easy TOP: Financial statement ratio ANS: analysis PTS: 1