Derive the stock turnover period.(Average stock = 23,000. Cost of sales = 300,000 year = 365 days).

  • A 28 days
  • B 42 days
  • C 27 days
  • D 23 days
jamb 2015accounting

The correct answer is A. 28 days

Average stock / cost of sales x 365days.

23,000 Ã· 300,000 x 365 = 27.9 (Approximately 28 days)

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