Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?
- 2.0 times
- 30.0 times
-
31.0 times
- 31.3 times
- 32.2 times