Answer:
15.50
Explanation:
Stock turnover or inventory turnover can be defined as the ratio of the number of times a company has sold or replaced inventory during a given period , generally a year, .
.
It can be computed as follows -
=[tex]\frac{cost of goods sold}{average stock}[/tex]
therefore,
=[tex]\frac{2,000,000}{129,000}[/tex]
= 15.50
