The turnover of a trade is the

A.

number of times the stock is sold

B.

total sales made during a period

C.

profit made during the period

D.

total purchases made during the period

Correct answer is A

Turnover is an accounting concept that calculates how quickly a business conducts its operations. Most often, turnover is used to understand how quickly a company collects cash from accounts receivable or how fast the company sells its inventory.