Question

stock turnover ratio​

Answer 1

Answer:

it is inventory turnover ratio

inventory turnover ratio is equal to cost of revenue from Operations (cost of goods sold) ÷ average inventory

Answer 2

Stock turnover ratio​

Explanation:

Stock turnover ratio​ = Cost of goods sold / Average stock

Computation:

Cost of goods sold = Sales - Gross profit

Average stock = [Opening stock + Closing stock] / 2

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