X limited company opening stock 1/1/21 was ksh 200,000 during the year the bought goods ware 500,000.
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Question:
X limited company opening stock 1/1/21 was ksh 200,000 during the year the bought goods ware 500,000. 31/12/21 the other stock ware 100,000. if the company made sale of 800,000.
calculate;
- cost of good sold
- Gross profit
- Rate of stock turnover
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