Question:
A dealership has
sold 180 used trucks in 1 year generating a turnover of
£3,987,000 a cost of sale of £3,132,000 with
departmental expenses totalling £424,464. Stock
Turn is reported at 40.55 days and the average SIV is
£18,450. What is the used truck Return on Investment?
Answer:
116.68%
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