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WAEC Commerce 2017 Objective — Question 15

Question 15 of 50 from the West African Examinations Council (WAEC) Commerce 2017 Objective paper, with the correct answer and a full explanation.

15. What is the rate of stock turnover? (using the data in Q13)

A. A. 11 times
B. B. 6 times
C. C. 4.7 timesCorrect
D. D. 4 times

Explanation

Rate of stock turnover = cost of goods/average stock = 28000/6000 = 4.7.

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