WAEC Accounting 2025 Theory — Question 10
Question 10 of 15 from the West African Examinations Council (WAEC) Accounting 2025 Theory paper, with the correct answer and a full explanation.
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6(b)(ii) Stock Turnover Ratio
Model answer
Item | $ Opening finished goods stock | 65740 Closing finished goods stock | 58900 Average stock = (65,740+58,900)/2 | 62320 Cost of goods sold | 385980 Stock turnover ratio = 385,980 / 62,320 | 6.19 times
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