The rate of turnover is the number of times within a give...
The rate of turnover is the number of times within a given period that
stock is sold and replaced
closing stock is sold and replaced
purchases are added to stock
average stock is sold
Correct answer is A
The rate of turnover is the number of times a firm sells all of its goods and it is gotten by dividing the total sales revenue in a period by the average inventory in that period.
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