The following table shows some selected financial information of ABC Company. Gross sales. . OMR 97000, Sales returns and discounts.. OMR 7000. Opening Inventory..OMR 4000 Total Purchases... OMR 56000 Purchase returns... OMR 4000 Closing Inventory... OMR 8000 According to the given information, which of the following shows the correct Inventory Turnover Ratio?

The following table shows some selected financial information of ABC Company. Gross sales. . OMR 97000, Sales returns and discounts.. OMR 7000. Opening Inventory..OMR 4000 Total Purchases... OMR 56000 Purchase returns... OMR 4000 Closing Inventory... OMR 8000 According to the given information, which of the following shows the correct Inventory Turnover Ratio?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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