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WAEC Commerce 2009 Question 11

Question 11

Business Calculations

The rate of turnover is the number of times within a given period that

  1. A.stock is sold and replaced
  2. B.closing stock is sold and replaced
  3. C.purchases are added to stock
  4. D.average stock is sold
Show the answer and explanation

Answer: A (stock is sold and replaced)

Explanation

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