A sole trader’s inventory at 31 December 2011 was £ XXXXXXXXXXBy 31 December 2012 inventory had increased in value by 10%. Cost of sales for the year ended 31 December 2012 was £ XXXXXXXXXX. What was...

A sole trader’s inventory at 31 December 2011 was £405 000. By 31 December 2012 inventory had increased in value by 10%. Cost of sales for the year ended 31 December 2012 was £1 506 700.

What was the business’s inventory turnover in days for the year ended 31 December 2012?

May 26, 2022

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here