If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?
A) 19.23
B) 4.5
C) 0.8654
D) 0.2222
E) None of these choices are correct

Question

Quizplus · Accepted Answer

Inventory turnover = Cost of goods sold / Average inventory
Inventory turnover = $450,000 / $100,000
Inventory turnover = 4.5

If the Average Aggregate Inventory Value Is $100,000 and the Cost