Given: Sales...........................N15 000 Opening stock...................N5 600 Purchases.......................N9 700 Closing stock.....................
Question 1 Report
Given:
Sales...........................N15 000
Opening stock...................N5 600
Purchases.......................N9 700
Closing stock...................N4 400
Gross profit....................N4 500
Net profit......................N2 200
From the data above, calculate the rate of turnover?
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