The rate of turnover is the number of times within a given period that

Commerce

WAEC 2009

A. stock is sold and replaced
B. closing stock is sold and replaced
C. purchases are added to stock
D. average stock is sold

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Correct Answer: Option A

Explanation

The rate of turnover is the number of times a firm sells all of its goods and it is gotten by dividing the total sales revenue in a period by the average inventory in that period.

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The rate of turnover is the number of times within a given period that

Correct Answer: Option A

Explanation

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