Your ﬁrm has sales of $628,000 and cost of goods sold of $402,000. At the beginning of the year, your inventory was $31,000. At the end of the year, the inventory balance was $33,000. What is the
Inventory turnover rate?

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The Answer of Your ﬁrm has sales of $628,000 and cost of goods sold of $402,000. At the beginning of the year, your inventory was $31,000. At the end of the year, the inventory balance was $33,000. What is the
Inventory turnover rate?

Your ﬁRm Has Sales of $628,000 and Cost of Goods