The following balances were obtained from the books of Rah traders Opening stock 50,000 Sales 360,000 Gross...

      

The following balances were obtained from the books of Rah traders
Opening stock 50,000
Sales 360,000
Gross profit 25% of sales
Closing stock 70,000
Calculate
a) Cost of goods
b) Rate of stock turnover

  

Answers


Kavungya
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Kavungya answered the question on March 27, 2019 at 09:15


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