Thabo provided the following information. revenue $250 000 gross margin 20% rate of inventory turnover 5 times What was the average inventory for the year? 7707_w22_qp_13 MCQ 2022 Paper 1, Variant 3 View
Toby’s purchases for the year were $13 000. His closing inventory was $1000 more than his opening inventory. Toby’s gross margin is 20%. What was Toby’s revenue for the year? 7707_w23_qp_13 MCQ 2023 Paper 1, Variant 3 View