Universal Sports Supply began the year with an inventory balance of $65,000 and a year-end balance of $75,000. Sales of $750,000 generate a gross profit of $250,000. Calculate the inventory turnover ratio for the year. Universal Sports Supply Inventory Turnover Ratio Numerator/Denominator Amounts times

Universal Sports Supply began the year with an inventory balance of $65,000 and a year-end balance of $75,000. Sales of $750,000 generate a gross profit of $250.000. Calculate the inventory turnover ratio for the year