WAEC Commerce 2020 Objective — Question 15
Question 15 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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When the cost of sales is divided by the average stock, the result is
- A. gross profit
- B. net profit
- C. rate of turnoverCorrect
- D. working capital
Explanation
The rate of stock turnover = cost of goods / average stock.
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