Im doing PEV june 06 - please help me with stock
gingervicki
Registered Posts: 87 Regular contributor ⭐
Hi im doing june 06 and im on section 2 and have come unstuck at stock turnover.
My calculation i thought you did
stock
Cost of sales x 365 to get it in days
But its not what the answer says and im confoooooooosed now.
Please help clarify
thanks
vicki
My calculation i thought you did
stock
Cost of sales x 365 to get it in days
But its not what the answer says and im confoooooooosed now.
Please help clarify
thanks
vicki
0
Comments
-
Havent looked at the paper, but isnt it stock/COSS x 365? Because stock is bought??0
-
hi gingervicki
the question asks for STOCK TURNOVER not STOCK TURNOVER IN DAYS!!!
the stock turnover formula is cost of sales/ stock . this will give the answer as 6.18 times. which means the that the stock will be soldout 6 times a yr
the formula u wrote is absolutely right but its for stock turnover IN DAYS
hope this clears it0 -
hi, thanks for the replies, i havent been taught it any other was, so if it just says stock turnover im now sorted, thanks
vicki0
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