Answer:
2.59
Step-by-step explanation:
Given that average inventory at cost = 18127/-
Cost of goods sold =46971
Hence stock turnover ratio at cost = cost of goods sold/average inventory
= 46971/18127 =2.59
(There is another method also to calculate stock inventory ratio
Stock inventory ratio = Retail sales/Average inventory at retail
=63410/24870
=2.5496
=2.55)
Since our question asks stock turnover at cost we get answer as
2.59
