JAMB - Commerce (2020 - No. 31)
Given:
₦
Sales 15,000
Opening stock 5,600
Purchases 9,700
Closing stock 4,400
Gross profit 4,500
Net profit 2,000
From the above data, calculate the rate of turnover
2.00 times
3.50 times
2.18 times
3.00 times