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Suppose that a firm has an ending inventory of $130,000 as of December 31, 2012. The accounting information for 2013 has been1. What is the monthly inventory turnover ratio for each of the twelve months for 2013? Round your answers to two decimal plaInventory Turnover Ratio Ending Inventory (Dec. 31st) $130,000 Inventory Turnover Ratio Formulas Month January February March

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Answer #1

Average inventory = Beginning inventory + Ending inventory / 2

month Incantory turnover satis 0.9 Eib 11.41 Mar 8.81 April 8.39 my 8.85 Sun Arceeage incentoly 90,000 106,000 105,500 93,000

4 Annual incentory ratio = cost of goods Lold for a period Ancisze intentory for a pried - 1,050,000 115,000 = 9.13

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