Saw Ltd's inventory at 30 June 2018 was $20 000. Sales for the year ended 30 June 2018 were $125 000 and the gross margin was 20 per cent. What was the inventory turnover?
A) 1.25 times p.a.
B) 5 times p.a.
C) 5.25 times p.a.
D) None of the above
Correct Answer:
Verified
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