If the rate of turnover of a company in 1999 was 4 times while the…

If the rate of turnover of a company in 1999 was 4 times while the average stock was N 49,600, determine the turnover.

  • A.
    N 199,400
  • B.
    N 198,400
  • C.
    N100,200
  • D.
    N99,200
Correct Answer: Option B
Explanation

4 x 49,600 = 198,400

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