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Use the following information: Net sales $205,000 Cost of goods sold 144,000 Beginning inventory 46,000 Ending inventory 36,000 a. Calculate the inventory turnover ratio. b.
Use the following information:
| Net sales | $205,000 |
|---|---|
| Cost of goods sold | 144,000 |
| Beginning inventory | 46,000 |
| Ending inventory | 36,000 |
a. Calculate the inventory turnover ratio. b. Calculate the average days in inventory. c. Calculate the gross profit ratio.
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Contemporary Labor Economics
Authors: Campbell McConnell, Stanley Brue, David Macpherson
9th Edition
0073375950, 9780073375953
