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Accounting Ratios

Exam code: 7707
1 hours · 18 questions
11 mark

A trader provides the following information.

$

opening inventory

9 000

purchases

121 000

closing inventory

15 000

What was the rate of inventory turnover?

  • A.

    4.79

  • B.

    5.42

  • C.

    9.58

  • D.

    10.83

Choose your answer
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