If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is? By: Sunday|Published on: May 29|Categories: 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:XYZ Ltd's total sales was #100,000. It had opening…Stock is N200 at start and N320 at close purchases…If the rate of turnover of a company in 1999 was 4…Rate of stock turnover is calculated to determine?Opening the stock plug plus purchase of less closing…SEE ALSO The entertainment industry is classified under?