2.2 Using the information in table 2.2, calculate inventory turnover ratio ( 6 marks) 2 - 2 1c 1c R Opening Inventory 39000 Closing Inventory 41000 Sales 320000 Gross Profit Ratio 80,000 2.3 ABC Electronics is a company that sells smartphones. The monthly demand for a particular smartphone model is 1000
2.2 Using the information in table 2.2, calculate inventory turnover ratio ( 6 …
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