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Question: In the last financial year London's Enwad Hotel group achieved a revenue of £28.75 million and a gross profit margin of 40%. Its end-of-quarter inventory balances were as follows:

Required

(a) Calculate the firm's inventory turnover and the average age of inventory.

(b) Comment on Enwad's liquidity, assuming most of its competitors record an inventory turnover of 40.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92327773

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