The rate of turnover of a firm in a given year is 5 times while the average stock is #12500. What is the turnover of the firm?

By: |Published on: Dec 13|Categories: Commerce JAMB| 0 comments

A. #24,000
B. #46,500
C. #62,500
D. #65,000

Correct Answer:

Option C – #62,500

Explanation

12,500 x 5 = 62,500

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