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From the following, calculate stock turnover ratio (Net Sales –SAR 2,00,000 - Gross Profit = 25% - Opening stock = 5000 Closing stock : 15000) -

Accounting Cost Accounting Financial Accounting Financial Analysis managerial accounting
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Question added by Badruddien Gismallah Ali Abdurahman , مدير مالي واداري , شركة العواد للاستثمار والتطوير
Date Posted: 2014/11/26
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Deleted user
by Deleted user

COGS =200000*25/100=50000

 

Stock Turnover Ratio = COGS/opening stock + closing stock /2

=50000/5000+15000/2=5

the answer is =5 times

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