What is the rate of turnover from the table?

What is the rate of turnover from the table?

# sales  15,000 opening stock 5,600 purchase  9,700 closing stock 4,400 gross profit  4,500 net profit  2,000   A. 3.50 times B. 3.00 times C. 2.00 times D. 2.18 Correct Answer: Option D – 2.18 Explanation Definition of rate of turnover: Number of times a...
What is the rate of turnover from the table?

A group of companies is a collection of? 

A. subsidiaries and their holding company B. firms C. associates and their holding company D. industries Correct Answer: Option A – subsidiaries and their holding company Explanation An industry is a group of companies that are related based on their primary...

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