Calculate the average inventory and inventory turnover ratios: $$\begin{array} { l l l l l l }
& \text { Beginning } & \text { Ending } & \text { Average } & \text { Cost of } & \text { Inventory } \
\text { Company } & \text { Inventory } & \text { Inventory } & \text { Inventory } & \text { Goods Sold } & \text { Turnover } \
\text { Ace Appliances } & \$ 115,800 & \$ 216,800 & & \$ 565,400 &
\end{array}$$

Question

Calculate the average inventory and inventory turnover ratios: $$\begin{array} { l l l l l l } 
& \text { Beginning } & \text { Ending } & \text { Average } & \text { Cost of } & \text { Inventory } \
\text { Company } & \text { Inventory } & \text { Inventory } & \text { Inventory } & \text { Goods Sold } & \text { Turnover } \
\text { Ace Appliances } & \$ 115,800 & \$ 216,800 & & \$ 565,400 &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the average inventory and inventory turnover ratios: $$\begin{array} { l l l l l l } 
& \text { Beginning } & \text { Ending } & \text { Average } & \text { Cost of } & \text { Inventory } \
\text { Company } & \text { Inventory } & \text { Inventory } & \text { Inventory } & \text { Goods Sold } & \text { Turnover } \
\text { Ace Appliances } & \$ 115,800 & \$ 216,800 & & \$ 565,400 &
\end{array}$$

Calculate the Average Inventory and Inventory Turnover Ratios