Which of the following formulae is used to calc... - WAEC Accounting 2007 Question
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
\(\frac{\text{cost of sales}}{\text{average stock}}\)
correct option: b
Please share this, thanks:
Add your answer
No responses