Course Solutions Uncategorized (Answered) : a: a rate of 1,000 per year, and average inventory is worth $6,000. What is the inventory turnover?

(Answered) : a: a rate of 1,000 per year, and average inventory is worth $6,000. What is the inventory turnover?

a: a rate of 1,000 per year, and average inventory is worth $6,000. What is the inventory turnover?

Expert Answer


Cost of goods sold = $ 30 X 1000 = $30,000

Average inventory = $6000

Inventory turnover = COGS/average inventory

Inventory turnover = $30,000/$6000 = 5

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post

(Solved) : Eventual Goal Assignment Compute Total Number Ways Forming Collection Committees Academic Q35813897 . . . .(Solved) : Eventual Goal Assignment Compute Total Number Ways Forming Collection Committees Academic Q35813897 . . . .

<p>Python Question:<br/><img alt="The eventual goal of this assignment is to compute the total number of ways of forming a collection of committees from an aca" src="https://media.cheggcdn.com/media%2F2d4%2F2d4d8c0c-7f97-4633-a2c4-2fe334fa84df%2FphpgropoE.png" style="height:647px;width:1024px;" aria-describedby="d3f"/><br/><img alt="(1) The