Post Utme Summit University 2022 Commerce Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Summit University Commerce examination.

Post Utme Summit University 2022 Commerce Objective / Multiple Choice
Question 11 POST_UTME_SUMMIT_UNIVERSITY • 2022 • COMMERCE • objective

A firm's inventory turnover ratio is 8.5 times per year. If the cost of goods sold is ₦1,500,000, what is the total value of the inventory?

Answer Options

A. ₦1,500,000
B. ₦1,800,000
Correct Answer C. ₦2,100,000
D. ₦2,400,000
Correct Answer
C
Correct Option:
₦2,100,000

About This Question

This is Post Utme Summit University 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Summit University Commerce examination.

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