Post Utme Pan Atlantic University 2021 Commerce Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2021 Commerce Objective / Multiple Choice
Question 13 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • COMMERCE • objective

A company's inventory turnover ratio is 4 times per year. If its average inventory level is ₦500,000, what is the total cost of goods sold for the year?

Answer Options

A. ₦2,000,000
B. ₦2,500,000
Correct Answer C. ₦3,000,000
D. ₦3,500,000
Correct Answer
C
Correct Option:
₦3,000,000

About This Question

This is Post Utme Pan Atlantic University 2021 Commerce Question 13. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Commerce examination.

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