PEV Question

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:08AM in AAT student discussion
I'm working my way through the June 2004 exam paper and on Task 2.1 (iv) It asks for the stock turnover in months. Does anyone know how to work that out???? I've go the answer book but no workings!!!<BR><BR>Jones

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    PEV Question

    Hi Jones.<BR><BR>Stock turnover = closing stock/ materials *12 to give a figure in months.<BR><BR>Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PEV Question

    Brilliant thanks Scott<BR><BR>Jones
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PEV Question

    Hi<BR><BR>DFS states the formula as stock/cost of sales (rather than materials)............
  • System
    System Posts: 100,534 🤖 Admin 🤖
    PEV Question

    Hi<BR>Usually stock/cost of sales is the stock turnover ratio, but in this particular question a different formula was used.<BR><BR>Thanks Scott, I was stuck on that one too as there were no workings to show how AAT got to that answer.<BR><BR>Sharon

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