Blackberry, Inc. had sales for the past year of $38,250 and cost of goods sold of $21,038. In addition, the statement of ﬁnancial position accounts was as shown in the table below. Blackberry
Uses average account values and a 365-day year where applicable in all of its computations. What is the inventory turnover rate for Blackberry, Inc.?

Question

Blackberry, Inc. had sales for the past year of $38,250 and cost of goods sold of $21,038. In addition, the statement of ﬁnancial position accounts was as shown in the table below. Blackberry
Uses average account values and a 365-day year where applicable in all of its computations.  What is the inventory turnover rate for Blackberry, Inc.?

Quizplus · Accepted Answer

The Answer of Blackberry, Inc. had sales for the past year of $38,250 and cost of goods sold of $21,038. In addition, the statement of ﬁnancial position accounts was as shown in the table below. Blackberry
Uses average account values and a 365-day year where applicable in all of its computations.  What is the inventory turnover rate for Blackberry, Inc.?