Given:

Sales...........................N15 000
Opening stock...................N5 600
Purchases.......................N9 700
Closing stock...................N4 400
Gross profit....................N4 500
Net profit......................N2 200

From the data above, calculate the rate of turnover?

• A.3:50 times
• B.3:00 times
• C.2:00 times
• D.2:18 times
• E.