A business has the following trading account for the year ending 31 May 2008: £ £ Sales turnover 90,000 Opening stock Add: Purchases 8,000 53,000 61,000 Less: Closing stock 12,000 49,000 41,000 Gross profit Its rate of stock turnover for the year is ...times
A business has the following trading account for the year ending 31 May 2008: £ £ Sales turnover 90,000 Opening stock Add: Purchases 8,000 53,000 61,000 Less: Closing stock 12,000 49,000 41,000 Gross profit Its rate of stock turnover for the year is ...times
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 14CDQ
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