Inventory turnover 2020 Formula Inventory Turnover Ratio = Costs of Goods Sold Average Inventory Given Costs of Goods Sold = 42,971 Average Inventory = 10,101 42,971 10,101 Solution Inventory Turnover Ratio = Answer Inventory Turnover Ratio = 4.254 2019 Costs of Goods Sold = 46,647 Average Inventory = 9,343 Inventory Turnover Ratio = 46,647 9,343 Inventory Turnover Ratio = 4.993
Inventory turnover 2020 Formula Inventory Turnover Ratio = Costs of Goods Sold Average Inventory Given Costs of Goods Sold = 42,971 Average Inventory = 10,101 42,971 10,101 Solution Inventory Turnover Ratio = Answer Inventory Turnover Ratio = 4.254 2019 Costs of Goods Sold = 46,647 Average Inventory = 9,343 Inventory Turnover Ratio = 46,647 9,343 Inventory Turnover Ratio = 4.993
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 36BE: Effects of Inventory Costing Methods Refer to the information for Tyler Company above. Required: 1....
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