Which of the following formulae is used to calculate stock turnover rate?
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- A \(\frac{sales}{\text{average stock}}\)
- B \(\frac{\text{cost f sales}}{\text{average stock}}\)
- C \(\frac{\text{cost of sales}{\text{opening stock}}\)
- D \(\frac{\text{cost of sales}}{\text{average stock}}\)
Correct Answer: Option B
Explanation:
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