Question on: WAEC Accounting - 2007
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
\(\frac{\text{cost of sales}}{\text{average stock}}\)
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Correct Option: B
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