Rate of Turnover = opening stock + cost of goods sold / closing stock

(first, we determine the value for cost of goods sold since it isnt given in the table)

(cost of goods sold is gotten as = opening stock + purchases - closing stock)

(COGS= 6000 + 23000 - 8000 = 21000) ''since we now know the value of cost of sales, we can now calculate the rate of turnover''

rate of turnover = 6,000 + 21,000 / 8,000

27,000 / 8,000 = 3.0 times