Multiple Choice
Which one of the following statements is correct? Inventory turnover ratio in months is calculated as:
A) Average inventory x 12 Cost of sales
B) Cost of sales x 12 Average inventory
C) Revenue x 12 Average inventory
D) Operating profit x 12 Average inventory
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Chalfont Burgess Limited's financial statements for the
Q12: Ambrose Atwater plc's results for the year
Q13: Which one of the following statements is
Q14: Which one of the following statements is
Q15: Which one of the following statements about
Q17: Allardyce Smart plc is a listed company.Extracts
Q18: Bellworth Limited has ordinary share capital of
Q19: Bull Smythe plc is a listed company.Extracts
Q20: The directors of Brasenose Forceps Limited have
Q21: The following information is available for Robin