The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm?

  • A #24,000
  • B #46,500
  • C #62,500
  • D #65,000
jamb 2013commerce

The correct answer is C. #62,500

12,500 x 5 = 62,500

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