Given:
Sales………………………N15 000
Opening stock……………….N5 600
Purchases…………………..N9 700
Closing stock……………….N4 400
Gross profit………………..N4 500
Net profit………………….N2 200
From the data above, calculate the rate of turnover?
Sales………………………N15 000
Opening stock……………….N5 600
Purchases…………………..N9 700
Closing stock……………….N4 400
Gross profit………………..N4 500
Net profit………………….N2 200
From the data above, calculate the rate of turnover?
-
A.
3:50 times -
B.
3:00 times -
C.
2:00 times -
D.
2:18 times