Post Utme Uniben 2019 Commerce Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Uniben Commerce examination.

Post Utme Uniben 2019 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UNIBEN • 2019 • COMMERCE • objective

A warehouse's inventory turnover ratio is a measure of its efficiency. If a warehouse's cost of goods sold is ₦10 million and its average inventory is ₦5 million, what is its inventory turnover ratio?

Answer Options

A. 2
Correct Answer B. 3
C. 4
D. 5
Correct Answer
B
Correct Option:
3

About This Question

This is Post Utme Uniben 2019 Commerce Question 8. It is one of the objective questions from the 2019 Post Utme Uniben Commerce examination.

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