Bill's Bolo Business has a cost of goods sold of $45,000,an inventory of $20,000,and current assets of $50,000.Which of the following is the inventory turnover for the business?

Name: Bill's Bolo Business has a cost of goods sold of $45,000,an inventory of $20,000,and current assets of $50,000.Which of the following is the inventory turnover for the business?
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Question

Quizplus · Accepted Answer

Inventory turnover is calculated as Cost of Goods Sold divided by Inventory. Here, $45,000 / $20,000 = 2.25.

Bill's Bolo Business Has a Cost of Goods Sold of $45,000,an