Page 29 - A Level Business Studies - Financial Analysis Tasks
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Task 2.c
Look at the trading section of the Income Statement and calculate the Rate of Inventory
Turnover.
Income Statement - Trading Account Rate of
£ £ Inventory times
Sales Revenue 250,000 Turnover
Less Cost of Sales
Opening Inventory (Stock) 15,000
Add Purchases 130,000
145,000
Less Closing Inventory (Stock) 25,000 120,000
Gross Profit 130,000
Task 2.d
Look at the trading section of the Income Statement and calculate the Rate of Inventory
Turnover.
Income Statement - Trading Account Rate of
£ £ Inventory times
Sales Revenue 640,000
Turnover
Less Cost of Sales
Opening Inventory (Stock) 45,000
Add Purchases 260,000
305,000
Less Closing Inventory (Stock) 55,000 250,000
Gross Profit 390,000
Task 2.e
Look at the trading section of the Income Statement and calculate the Rate of Inventory
Turnover.
Income Statement - Trading Account Rate of
£ £ Inventory times
Sales Revenue 125,689 Turnover
Less Cost of Sales
Opening Inventory 12,456
Add Purchases 67,332
79,788
Less Closing Inventory 15,467 64,321
Gross Profit 61,368
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