Toys "R" Ltd. had cost of goods sold of $6,000 million, ending inventory of $2,500 million, and average inventory of $2,000 million. The merchandise turnover is

Name: Toys "R" Ltd. had cost of goods sold of $6,000 million, ending inventory of $2,500 million, and average inventory of $2,000 million. The merchandise turnover is
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Question

Quizplus · Accepted Answer

Merchandise turnover = Cost of Goods Sold / Average Inventory

= $6,000 million / $2,000 million

= 3.00