Use the following information to answer the giv... - WAEC Accounting 1998 Question
Use the following information to answer the given questions
\(\begin{array}{c|c} & N \ \hline Debtors & 30,000 \ Creditor & 20,000 \ \text{Opening stock} & 15,000 \ \text{Closing stock} & 18,000\ Wages & 3,000 \ Salaries & 10,000 \ Purchases & 30,000 \ Sales & 60,000\end{array}\)
The stock turnover is
\(\begin{array}{c|c} & N \ \hline Debtors & 30,000 \ Creditor & 20,000 \ \text{Opening stock} & 15,000 \ \text{Closing stock} & 18,000\ Wages & 3,000 \ Salaries & 10,000 \ Purchases & 30,000 \ Sales & 60,000\end{array}\)
The stock turnover is
A
4.0 times
B
3.6 times
C
3.3 times
D
2.0 times
correct option: e
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