If opening stock is 3,000, closing stock 5,000, sales 40,000 and margin 20 per cent, then stockturn

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If opening stock is £3,000, closing stock £5,000, sales £40,000 and margin 20 per cent, then stockturn is

(A) 8 times

(B) 7¹/2 times

(D) 6 times

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 19, 2023 11:32 PM

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If opening stock is 3,000, closing stock 5,000, sales 40,000 and margin 20 per cent, then stockturn

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Stockturn also known as inventory turnover is a financial ratio that measures h...View the full answer

Frank Woods Business Accounting Volume 1

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