Post Utme Ims U 2025 Commerce Question 31
Practice objective / multiple choice question 31 from the 2025 Post Utme Ims U Commerce examination.
A company's inventory management system uses a just-in-time (JIT) approach to minimize inventory costs. However, this approach also increases the risk of stockouts. Using the concept of inventory turnover, calculate the inventory turnover ratio if the average inventory level is ₦500,000 and the cost of goods sold is ₦2,000,000.
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This is Post Utme Ims U 2025 Commerce Question 31. It is one of the objective questions from the 2025 Post Utme Ims U Commerce examination.
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