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The size of of profit of a business is measured by the

Commerce
WAEC 2012

The size of of profit of a business is measured by the

  • A. closing stock
  • B. opening stock
  • C. total purchases
  • D. rate of turnover
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Correct Answer: Option D
Explanation

Rate of turnover: Is the number of times a firm sells out its merchandise or finished goods inventory

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