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 inventory turnover?
A) 5.25 times p.a.
B) 5 times p.a.
C) It cannot be calculated from the information provided.
D) 1.25 times p.a.
Correct Answer:
Verified
Correct Answer:
Verified
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