The revenue for a firm is $2,500,000. Its cost of revenue is $850,000, and its average inventory for the year is $62,000. What is the inventory turnover? 2. Given the following information, what is the annual inventory turnover ratio?
The revenue for a firm is $2,500,000. Its cost of revenue is $850,000, and its average inventory for the year is $62,000. What is the inventory turnover? 2. Given the following information, what is the annual inventory turnover ratio?
Financial & Managerial Accounting
14th Edition
ISBN:9781337119207
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter23: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 23.3TIF
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