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 ending 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 ending 31 December 2012 was £1 506 700.

What was the business’s inventory turnover in days?

May 26, 2022

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