Selim plc began 2004 with inventory of eur 320000- prepare, Financial Management

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Selim plc began 2004 with inventory of eur 320000- prepare

Selim Plc began 2004 with inventory of EUR 320,000. Sales in 2004 were EUR 1,600,000, purchases of inventory totalled EUR 1,380,000, and ending inventory was EUR 440,000.

(a) Prepare a statement of gross profit for 2004

(b) Determine the inventory turnover and DIO.

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Financial Management: Selim plc began 2004 with inventory of eur 320000- prepare

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Financial Management: Selim plc began 2004 with inventory of eur 320000- prepare

Reference No:- TGS02140720

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