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Answer to Question #82474 in Economics for Abdul
Question #82474
Given that the cost of sales of a company XYZ for the year 2005 was
ksh 570,000 and the average stock amount to ksh 124,250.
Calculate the stock turnover
ksh 570,000 and the average stock amount to ksh 124,250.
Calculate the stock turnover
Expert's answer
The stock turnover is calculated as
Stock turnover=(Cost of sales)/(Average stock held)=(570,000)/(124,250)=4.59 times
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