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
Correct Answer: Option C
Explanation
12,500 x 5 = 62,500
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?
12,500 x 5 = 62,500