Question
Calculate the inventory turnover ratio for Walmart Inc. based on the following data: Cost of Goods Sold: $20,000,000 Average Inventory: $5,000,000 Apply the inventory turnover
Calculate the inventory turnover ratio for Walmart Inc. based on the following data:
- Cost of Goods Sold: $20,000,000
- Average Inventory: $5,000,000
Apply the inventory turnover ratio formula and express the result.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
