Post Utme Madonna University 2021 Commerce Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2021 Commerce Objective / Multiple Choice
Question 34 POST_UTME_MADONNA_UNIVERSITY • 2021 • COMMERCE • objective

A warehouse manager is responsible for storing and managing inventory for a company. The manager has estimated that the company's inventory turnover ratio is 4 times per year. The company's average inventory level is ₦1,000,000. What is the company's total annual sales?

Answer Options

A. ₦4,000,000
B. ₦5,000,000
Correct Answer C. ₦6,000,000
D. ₦7,000,000
Correct Answer
C
Correct Option:
₦6,000,000

About This Question

This is Post Utme Madonna University 2021 Commerce Question 34. It is one of the objective questions from the 2021 Post Utme Madonna University Commerce examination.

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