Which of the following formulae is used to calculate stoc...
Which of the following formulae is used to calculate stock turnover rate?
salesaverage stock
cost of salesaverage stock
cost of salesopening stock
cost of productionaverage stock
Correct answer is B
The inventory turnover ratio formula is the cost of goods sold divided by the average inventory for the same period.
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
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