The stock turnover period is

Accounts - Principles of Accounts WAEC 2021

Use the following information to answer this question
                                                 Le
Sales for the year                 450,000
Purchases for the year         230,000
Opening stock                        60,000
Closing stock                          40,000

The stock turnover period is

  • 88 days checkmark
  • 73 days
  • 58 days
  • 41 days

The correct answer is: A

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