Question
Deborah Inc., an online retail store, recorded an inventory of $3,000 as of December 31, 2012. Its inventory stood at $3,500 on December 31, 2013.
Deborah Inc., an online retail store, recorded an inventory of $3,000 as of December 31, 2012. Its inventory stood at $3,500 on December 31, 2013. The cost of goods sold for the corresponding year was $15,000. Which of the following indicates the inventory turnover ratio of Deborah Inc.?
5
4.61
4.28
5.22
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The Routledge Handbook Of Critical Finance Studies
Authors: Christian Borch, Robert Wosnitzer
1st Edition
1138079812, 978-1138079816
