The rate of turnover of a firm in a given year is 5 times while
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JAMB 2013
The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm?
- A. #24,000
- B. #46,500
- C. #62,500
- D. #65,000
Correct Answer: C. #62,500
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