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Willow, Inc. purchased $46,000 in inventory during the year, paying for all of it by the end of the year except $2,000, which was still
Willow, Inc. purchased $46,000 in inventory during the year, paying for all of it by the end of the year except $2,000, which was still in accounts payable at the end of the year. Willow began the year with $3,000 in inventory and ended the year with $1,000 in inventory. Approximately how much was the company's inventory turnover ratio if it's total sales during the year were $60,000? 8 00 24 224 16 46 14 000 23
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