West Coast Kids had cost of goods sold of $3,000 million, ending inventory of $1,500 million, and average inventory of $1,000 million. The merchandise turnover is:

Name: West Coast Kids had cost of goods sold of $3,000 million, ending inventory of $1,500 million, and average inventory of $1,000 million. The merchandise turnover is:
Brand: Quizplus
Rating: 5.0 (56 reviews)

Question

Quizplus · Accepted Answer

Merchandise turnover is calculated as Cost of Goods Sold divided by Average Inventory. Here, it is $3,000 million / $1,000 million = 3.

West Coast Kids Had Cost of Goods Sold of $3,000