Question
Beach Wear has cost of goods equal to 12% of revenue. In 2017 the firm had $2.500.000 in revenue and inverntory of $70,000. In 2018
Beach Wear has cost of goods equal to 12% of revenue. In 2017 the firm had $2.500.000 in revenue and inverntory of $70,000. In 2018 the firm had $3,000,000 in revenue and $85,000 of inventory. what is the inventory turn over ratio? and does it get worse or improved?
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Public Finance
Authors: Laurence S. Seidman
1st Edition
0073375748, 978-0073375748
