Question 3.A.8: Calculate the average inventories turnover period for Alexis...
Calculate the average inventories turnover period for Alexis plc for the year ended
31 March 2016.
The ratio for 2016 is:
Average inventories turnover period = \frac{(300 + 406)/2}{2,272} × 365 = 56.7 days
The inventories turnover period is virtually the same in both years.
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