Homework Answers
Answer : 12.5 Times
>> Average Inventory = ( $ 37,500 + $ 42,500 ) / 2 = $ 40,000.
>> Inventory Turnover= ( Cost of Goods Sold / Average Inventory )
>> Inventory Turnover for Year -4 = ( $ 500,000 / $ 40,000 ) = 12.5 Times
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Selected financial information for Edwards Company for Year 4 follows: $800,0e8 5ee, eee Sales Cost of...
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<3
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pls help?
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