Categories: Accounting WAEC

The stock turnover period is?

Use the following information to answer this question
Le
Sales for the year ————————————– 450,000
Purchases for the year ———————————– 230,000
Opening stock ——————————————- 60,000
Closing stock ——————————————– 40,000

A. 88 days
B. 73 days
C. 58 days
D. 41 days

Correct Answer:

Option A = 88 days

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