The cost of goods sold divided by the average stock held during a trading period…

The cost of goods sold divided by the average stock held during a trading period gives the
  • A.
    gross profit
  • B.
    net profit
  • C.
    net sales
  • D.
    rate of stock turnover
  • E.
    sum of the opening and closing stock
Correct Answer: Option D
Explanation
You May Also Like