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The stock turnover period is

Accounts - Principles of Accounts
WAEC 2021

Use the following information to answer this question
                                                 Le
Sales for the year                 450,000
Purchases for the year         230,000
Opening stock                        60,000
Closing stock                          40,000

The stock turnover period is

  • A. 88 days
  • B. 73 days
  • C. 58 days
  • D. 41 days
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Correct Answer: Option A
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts