The inventory turnover ratio is Cost of Goods Sold / Average Inventory. This is Sales / Ending Inventory.
The inventory turnover ratio is Cost of Goods Sold / Average Inventory. This is Cost of Goods Sold / Ending Inventory.
The inventory turnover ratio is Cost of Goods Sold / Average Inventory. Average inventory is the average of the beginning and ending inventories, which is ($125,000 + $138,000) / 2, or $131,500. So the inventory turnover ratio is $527,000 / $131,500, which equals 4.01.
The inventory turnover ratio is Cost of Goods Sold / Average Inventory. This is Sales / Average Inventory.
|
Garland's average inventory turnover ratio is
