Use the following information to answer the question below
Use the following information to answer the question below
Opening stock---------2,300
Purchases-------------11,874
Sales--------------------18,600
Closing stock-----------3,600
Cost of goods sold---11,500
What is the rate of stock turnover?
a
7 times
b
6 times
c
5 times
d
4 times
Explanation
Correct Option
dVideo Explanation
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