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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Quizplus · Accepted Answer

The merchandise turnover is calculated as Cost of Goods Sold divided by Average Inventory. Thus, $6,000 million / $2,000 million = 3.00.