Question
Richard's sales in the year ended 31st December 2019 were RM390,000. The sales produced a gross profit ratio of 30%. If the cost of inventory
Richard's sales in the year ended 31st December 2019 were RM390,000. The sales produced a gross profit ratio of 30%. If the cost of inventory on 31st December 2018 was RM78,000 and that of 31st December 2019 was RM96,000, what would be his inventory days?
Question 10 options:
|
| a.130 days |
|
| b.148 days |
|
| c.140 days |
|
| d.116 days |
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Auditing ISO Management System
Authors: Dr. RAMESH R LAKHE, Dr. RAKESH L. SHRIVASTAVA, M M NAVEED, KRANTI P DHARKAR, Dr. C M SEDANI
1st Edition
1702203913, 978-1702203913
