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Thursday, 02 April 2026
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Use the following information to answer the given questions \(\begin{array}{c|c} N \\ ...

Use the following information to answer the given questions
\(\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}\)
The stock turnover is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A 4.0 times
  • B 3.6 times
  • C 3.3 times
  • D 2.0 times
  • E 1.8 times
Correct Answer: Option E
Explanation:

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