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Revenue 600000 gross margin 400000 beginning period of inventory 400000 ending period inventory 200000 inventory turnover will be

A-75% B-67% C-80% D-55%

Accounting Cost Accounting Financial Accounting CMA Costing
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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/03/12
Upvote (0) Views (2) Followers (2) Answers (2) Report Question
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FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

B->>>>>>>>>>>>>>>>>>>>>>>>67%

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Inventory Turnover =Cost of Goods Sold/ Average Inventory

Cost  of goods sold= Sales Revenue- Gross profit=600000 -400000 =200000

Average inventory ={ Opening stock + Closing Stock} /2 =300000

Inventory Turnover =200000/300000 =2/3 or67%

Answer option: B -67%

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