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Financial Management Question 1Inventory TurnoverFormulae = Sales / Average InventoryYear 2011Year 2012 Sales = RM 23,368,482 Sales = RM 135,386,450Inventory = RM 7,073,700 Inventory = RM 6,881,038Inventory Turnover for 2011 = RM 23,368,482 / RM7,073,700 = 3.30XInventory Turnover for 2012 = RM135,386,450 / RM6,881,038 =.
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