A. 0,55 B. 3 C. 1,67 D. 2 The following is an extract from the financial statements of Buy-all (Pty) Ltd for the year ended 31 December 2021.
2021
R
Revenue 1.000.000
Cost of sales 750 000
Inventories 450 000
Trade receivables 550 000
The inventory turnover ratio for 2021 determined to be times
A. 0,55
B. 3
C. 1,67
D. 2
