WAEC Commerce 2025 Objective — Question 16
Question 16 of 51 from the West African Examinations Council (WAEC) Commerce 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
(See data above for Q14–16.) The rate of stock turnover is
- A. 2 timesCorrect
- B. 2.6 times
- C. 3 times
- D. 3.5 times
Explanation
Average stock = (Opening + Closing)/2 = (20,000+50,000)/2 = 35,000. Rate of stock turnover = COGS/Average stock = 70,000/35,000 = 2 times.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.