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Mcq 73 Gorwa co Bpp kit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Mcq 73 Gorwa co Bpp kit

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by AvatarJohn Moffat.
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  • December 29, 2018 at 5:42 pm #499445
    Avatarmaxpopper
    Member
    • Topics: 177
    • Replies: 132
    • ☆☆☆

    Sir as it is asked in this question that inventory turnover has slowed down, is this statement true or false.

    So here in order to prove this statement as true or false , we will have to calculate inventory days (i.e avg inventory/CGS x 365)
    OR
    Do we have to calculate inventory turnover in times (i.e CGS/avg inventory)?

    December 30, 2018 at 10:10 am #499477
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54845
    • ☆☆☆☆☆

    Given that the question refers to inventory turnover, it would be sensible to calculate the average turnover!

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