WAEC Commerce 2015 Objective — Question 18
Question 18 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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What is the rate of turnover of BYX Enterprise?
- A. 5.0 times
- B. 3.5 times
- C. 3.0 timesCorrect
- D. 1.5 times
Explanation
Rate of turnover = Cost of goods sold / Average stock = D21,000/D7,000 = 3.0 times.
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