JAMB Commerce 2023 Objective — Question 9

Question 9 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2023 Objective paper, with the correct answer and a full explanation.

The stock turnover is A.

A. 15 times.
B. 17 times.
C. 18 times.
D. 16 times.Correct

Explanation

Stock turnover = Cost of goods sold/average stock. Cost of goods sold = 5,100+91,000-6,000 = 90,100. Stock turnover = 90,100/5,550 = 16.23 times, approximately 16 times.

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