JAMB Accounting 2012 Objective — Question 45

Question 45 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

(Using the same information as Q44) Determine the number of times stock was turned over during the period to the nearest figure.

A. 1
B. 2Correct
C. 3
D. 4

Explanation

Stock turnover = Cost of goods sold/Average stock = 2 times (nearest figure), per the detailed source calculation.

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