Selim plc began 2004 with inventory of eur 320000 sales in, Ask an Expert

Finance

Selim Plc began 2004 with inventory of EUR 320,000. Sales in 2004 were EUR 1,600,000, purchases of inventory totalled EUR 1,380,000, and ending inventory was EUR 440,000.

(a) Prepare a statement of gross profit for 2004

(b) Determine the inventory turnover and DIO.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92094560

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