please answer. Question 5 (1 point) A firm with cost of goods sold of $1591 and...

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Question

please answer.
Question 5 (1 point) A firm with cost of goods sold of $1591 and inventories of $873 has an inventory turnover ratio of ____

business finance

Answer 1

Answer #1

Inventory turnover ratio = Cost of goods sold / Inventories

Inventory turnover ratio = $1591 / $873

Inventory turnover ratio = 1.82

Answer 2

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