-Wild, Shew,Chlappetta,7e, Inventories and Cost of Sales Recall the formula for figuring a company's inventory turnover ratio. Click the answer you think is right. r Cost of goods sold/Average inventory V Inventory -Merchandise Inventory/Average inventory nventory turnover- Inventory turnover - Merchandise Inventory/Cost of goods sold Inventory turnover- Cost of goods sold/Gross profit Do you know the answer? Iknow it Think so No ide