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15 March, 02:57

Compute the stock turnover for a product that has sales of 350 units and an average of 70 units in inventory.

a) 7

b) 5

c) 6

d) 10

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Answers (1)
  1. 15 March, 06:46
    0
    B. 5

    To compute stock turnover divide Sales/Average inventory

    350/70 = 5

    Stock turnover is the amount of times inventory is sold in a given time period.
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