BrambleCorporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the...
BrambleCorporation had net credit sales of $14100000 and cost of
goods sold of $9370000 for the year. The average inventory for the
year amounted to $1171250. The inventory turnover for the year
is
A. 8.0 times.
B. 12.0 times.
C. 3.3 times.
D. 1.5 times.
please include equation so I can understand how to solve this. Thank you.
Homework Answers
Inventory turnover = cost of goods sold / Average inventory
= 9370000 / 1171250
= 8 times
Option A. is correct answer.
Add Answer to:
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