Post Utme Bells University 2017 Commerce Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Bells University Commerce examination.

Post Utme Bells University 2017 Commerce Objective / Multiple Choice
Question 10 POST_UTME_BELLS_UNIVERSITY • 2017 • COMMERCE • objective

A firm's inventory turnover ratio is 6 times per year. If its average inventory is ₦2,500,000, what is the total value of its annual purchases?

Answer Options

A. ₦15,000,000
B. ₦16,500,000
Correct Answer C. ₦18,000,000
D. ₦19,500,000
Correct Answer
C
Correct Option:
₦18,000,000

About This Question

This is Post Utme Bells University 2017 Commerce Question 10. It is one of the objective questions from the 2017 Post Utme Bells University Commerce examination.

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