Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000 What is the rate of stock turnover.

Assessment: WAEC SSCE - Commerce - 2017 Subject: Commerce

Question 1 Report

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000

What is the rate of stock turnover.

11 times

6 times

4.7 times

4 times

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