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WAEC Commerce 1998 Question 16

Question 16

Business Calculations

Rate of stock turnover is calculated to determine

  1. A.total volume of sales
  2. B.number of times goods are bought and sold
  3. C.number of times goods are counted
  4. D.total value of goods in the store
  5. E.the quality of goods sold
Show the answer and explanation

Answer: B (number of times goods are bought and sold)

Explanation

Rate of turnover shows how many times the stock is sold and replaced in a period.