Question 35

Which of the following formulae is used to calculate stock turnover rate?

  • A.\(\frac{sales}{\text{average stock}}\)
  • B.\(\frac{\text{cost f sales}}{\text{average stock}}\)
  • C.\(\frac{\text{cost of sales}{\text{opening stock}}\)
  • D.\(\frac{\text{cost of sales}}{\text{average stock}}\)
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2007
Question no.
#35
Type
Objective

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