When the cost of sales is divided by the average stock, the result is
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Correct Answer: Option C
Explanation:
Rate of stock turnover also known as stock turnover is the number of times stock are used up in an organization and it is calculated as:
Rate of stock turnover = cost of goods sold / Average stock
Rate of stock turnover also known as stock turnover is the number of times stock are used up in an organization and it is calculated as:
Rate of stock turnover = cost of goods sold / Average stock