Wallmark have data related to their inventory of the 2020 as below :
Sales :35,000,000.00
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Advanced Placement (AP), 15.08.2021 16:00 live4dramaoy0yf9
Wallmark have data related to their inventory of the 2020 as below :
Sales :35,000,000.00
Opening stock : 3,500.000
Purchases : 21,350,000
Sales return : 700,000
Closing stock : 4,200,000
Purchase return : 320,250
Requirements:
1. Indentify inventory turnover ratio and explain this ratio
2. Indentify inventory turnover period and it's meaning
Answers: 3
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