If opening stock is 3,000, closing stock 5,000, sales 40,000 and margin 20 per cent, then stockturn
Question:
If opening stock is £3,000, closing stock £5,000, sales £40,000 and margin 20 per cent, then stockturn is
(A) 8 times
(B) 71/2 times
(C) 5 times
(D) 6 times
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Stockturn also known as inventory turnover is a financial ratio that measures h...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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