Waec Model Questions Vol1 2024 Commerce Question 24
Practice objective / multiple choice question 24 from the 2024 Waec Model Questions Vol1 Commerce examination.
A wholesale dealer had opening stock of ₦1,200,000 and purchases during the year amounting to ₦4,800,000. The closing stock at year end was ₦1,500,000. During the year, the dealer's net sales were ₦7,200,000. Calculate the inventory turnover ratio (times) and the average days in inventory (rounded to the nearest day).
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About This Question
This is Waec Model Questions Vol1 2024 Commerce Question 24. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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