ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    When Sales are 360000, and GP ratio is 50% and the

    average inventory is 90000, what is the inventory turnover ratio?
    A 2 Correct Answer Incorrect Answer
    B 0.5 Correct Answer Incorrect Answer
    C 4 Correct Answer Incorrect Answer
    D 2.5 Correct Answer Incorrect Answer
    E 3 Correct Answer Incorrect Answer

    Solution

    Inventory Turnover Ratio is COGS/ Average Inventory = 180000/90000 = 2.

    Practice Next
    More Alternate Sources of Finance Questions

    Relevant for Exams:

    ask-question