WAEC - Commerce (2011 - No. 22)
The turnover of a trade is the
number of times the stock is sold
total sales made during a period
profit made during the period
total purchases made during the period
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Turnover is an accounting concept that calculates how quickly a business conducts its operations. Most often, turnover is used to understand how quickly a company collects cash from accounts receivable or how fast the company sells its inventory.