Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 16

The Gourmet's Delight, a cooking equipment wholesaler, had cost of goods sold of $458,900 for the year. The beginning inventory at cost was $83,600, and the ending inventory at cost was $71,700.
a. What was the average inventory at cost
b. What was the inventory turnover rounded to the nearest tenth