Post Utme Unn 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Unn Accounting examination.

Post Utme Unn 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNN • 2019 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. If the total cost of goods available for sale is ₦1,500,000 and the total cost of goods sold is ₦1,200,000, what is the company's inventory turnover ratio?

Answer Options

A. 2.5
Correct Answer B. 3.0
C. 2.0
D. 1.5
Correct Answer
B
Correct Option:
3.0

About This Question

This is Post Utme Unn 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Unn Accounting examination.

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