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Testco had revenue = $ 1 , 0 0 0 , 0 0 0 cost of goods sold = $ 6 0 0 , 0

Testco had revenue = $1,000,000 cost of goods sold = $600,000 paid interest of $100,000 and paid $150,000 of tax. They have cash = $300,000 accounts receivable = $120,000 inventory = $80,000 net fixed assets = $2,500,000 accounts payable = $200,000 long-term debt = $800,000 and equity = $2,000,000.

Inventory Turnover is:

7.5

3.75

.53

.13

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