Rate of stock turnover is defined as
...Rate of stock turnover is defined as
Purchases over stock
Cost of goods available for sale over total of opening and closing stock
Cost of goods available for sale ovet total of opening and closing stock
Cost of goods sold over total opening and closing stock
Cost of goods sold over average stock
Correct answer is E
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
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