Post Utme Unilag 2021 Commerce Question 11
Practice objective / multiple choice question 11 from the 2021 Post Utme Unilag Commerce examination.
A firm's inventory turnover ratio is calculated as the cost of goods sold divided by the average inventory. If the cost of goods sold is ₦120,000 and the average inventory is ₦30,000, what is the inventory turnover ratio?
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About This Question
This is Post Utme Unilag 2021 Commerce Question 11. It is one of the objective questions from the 2021 Post Utme Unilag Commerce examination.
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