Home » Past Questions » Commerce » What is the rate of turnover from the table?

What is the rate of turnover from the table?


Question

Given
 N
sales15,000
opening stock5,600
purchase9,700
closing stock4,400
gross profit4,500
net profit2,000

What is the rate of turnover from the table?

Options

A) 3.50 times

B) 3.00 times

C) 2.00 times

D) 2.18

The correct answer is D.


More Past Questions:


Discussion