Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Revenue 600000 gross margin 400000 begining balance of inventory 400000 ending balance of inventory 200000

Based on information , inventory turnover is A-40% B-67% C-80% D-75%

Accounting Cost Accounting Financial Accounting CMA Costing
user-image
Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/03/12
Upvote (0) Views (3) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Vipin Pavithran
by Vipin Pavithran , Certified Public Accountant , Ford Motors Pvt Ltd

Revenue - Gross margin= Cogs 600,000-400,000=2,00,000 Average inventory= opening +closing stock/2300,000=400,000+200,000/2 Inventory Turnover = Cogs / Average inventory .667=200,000/300,000

Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

COGS =200,000

 

Average Inventory =300,000

 

So,200,000 /300,000 *100 = 66.67 %

 

(B) is the Correct Ans

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help