Giorgio had cost of goods sold of $9,421 million, ending inventory of $2,089 million, and average inventory of $1,965 million. Its inventory turnover equals: a.
Giorgio had cost of goods sold of $9,421 million, ending inventory of $2,089 million, and average inventory of $1,965 million. Its inventory turnover equals:
a. 0.21.
b. 4.51.
c. 4.79.
d. 76.1 days.
e. 80.9 days
Step by Step Solution
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Step: 1
Compute the inventory turnover as shown ...
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Step: 2
Step: 3
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Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
