If the opening stock of Ali ltd is N40,000, the cost of goods sold is...
COMMERCE
WAEC 2018
If the opening stock of Ali ltd is N40,000, the cost of goods sold is N48,000 and the closing stock is N24,000, its rate of turnover will be?
- A. 1.2 times
- B. 1.5 times
- C. 2.0 times
- D. 7.5 times
Correct Answer: B. 1.5 times
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *