Multiple Choice
Saw Ltd's inventory at 30 June 2016 it was $20 000.Sales for the year ended 30 June 2016 were $125 000 and the gross margin was 20 per cent.
-What was the number of days' inventory on hand?
A) 73 days
B) 69.5 days
C) 64 days
D) 50 days
Correct Answer:
Verified
Correct Answer:
Verified
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