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Assume the following: Beginning inventory is $4,000; ending inventory is $6,000; purchases equal $22,000; cost of goods sold is $20,000. What is the inventory turnover?
Assume the following: Beginning inventory is $4,000; ending inventory is $6,000; purchases equal $22,000; cost of goods sold is $20,000. What is the inventory turnover?
| A. | 3,333 | |
| B. | 2.0 | |
| C. | 5.0 | |
| D. | 4.0 |
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Financial Management Theory And Practice
Authors: Prasanna Chandra
8th Edition
0071078401, 978-0071078405
