The number of times the average stock of a business is sold within a given period is?
- turnover
-
rate of turnover
- sales return
- current ratio
The correct answer is: B
Explanation
The rate of turnover, often referred to as inventory turnover, measures how many times a company's inventory is sold and replaced over a specific period. It is a key indicator of inventory management efficiency and sales performance. The higher the rate of turnover, the more efficiently the company is managing its stock.