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'send answer photo please Inventory Turnover From the following particulars of a year, calculate the...

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Accounting

'send answer photo please Inventory Turnover From the following particulars of a year, calculate the Inventory Turnover Ratio of X material and express it in days Opening Stock 10,000 Purchases 50,000 Closing Stock 20,000 Ans: Material consumed < 40,000; Average inventory < 15,000; Turnover Ratio 2.67; In days 137_ Calculate the Inventory Turnover from the following information Units Maximum Stock 12,000 Order Level 4,000 Minimum Level 2,000 Normal Usage 400 per day Reorder Quantity 10,000 Ans. Inventory Turnover Ratio 1.4285 or 17.5 days (Material Consumed 10,000 units; Average Inventory 7,000 units).'

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