If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is? by Sunday | May 29 | Commerce WAEC | 0 comments A. 20 times B. 15 times C. 12 times D. 7.5 times Correct Answer: Option B B. 15 times Users Also Read These:A substance has half of 3 min. After 6 min, the…The rate of turnover of a firm in a given year is 5…If the opening stock of Ali ltd is N40,000, cost of…When closing stock is undervalued; the cost of goods…Derive the stock turnover period. (Average stock =…