> Calculate stock turnover ratio?

Calculate stock turnover ratio?

Calculate stock turnover ratio?

Posted at： 2014-12-05　
Open stock = 76250

Closing stock = 98500

Sales = 520000

Sales return = 20000

Purchases = 322250

Find average stock 76250 + 98500 = 174750 / 2 = 87375

Sales 520,000 - 20000 = 500,000

Turnover 500,000 / 87375 = 5.72

Open stock = 76250

Closing stock = 98500

Sales = 520000

Sales return = 20000

Purchases = 322250
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