Commerce
JAMB 2013
The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm?
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A.
#24,000
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B.
#46,500
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C.
#62,500
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D.
#65,000
Correct Answer: Option C
Explanation
12,500 x 5 = 62,500
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