Post Utme Pan Atlantic University 2020 Commerce Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2020 Commerce Objective / Multiple Choice
Question 36 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • COMMERCE • objective

A company uses the just-in-time (JIT) inventory system. If the company orders 100 units of a product and the supplier delivers 120 units, what is the company's inventory turnover ratio?

Answer Options

A. 1.20
Correct Answer B. 1.50
C. 2.00
D. 2.50
Correct Answer
B
Correct Option:
1.50

About This Question

This is Post Utme Pan Atlantic University 2020 Commerce Question 36. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Commerce examination.

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