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Golden Departmental Store had net credit sales of RM5,000,000 and cost of goods sold of RM2,000,000 for the year. The average inventory for the year
Golden Departmental Store had net credit sales of RM5,000,000 and cost of goods sold of RM2,000,000 for the year. The average inventory for the year amounted to RM500,000 and the closing inventory is RM400.000. Inventory turnover ratio for the year is: A. 2 times B. 2.5 times 4 times D. 5 times
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