If the cost of goods sold is $1500 and their inventory of the product is 15. What is their inventory turn-days ratio? What does this answer mean and what type of firm would have inventory for this time-period?
$\begin{array}{llcc}
\text { Inventory Ratio: } &\underline{\text { Cost of goods sold }} & \underline{1500} \
& \text { Inventory} &15
\end{array}$
$\begin{array}{lccc}
\text {Inventory turn-days:} &{360} & \underline{360} \
& \overline{\text {Inventory Turnover} }&100
\end{array}$

Question

If the cost of goods sold is $1500 and their inventory of the product is 15. What is their inventory turn-days ratio? What does this answer mean and what type of firm would have inventory for this time-period?
 $\begin{array}{llcc}
  \text { Inventory Ratio: } &\underline{\text { Cost of goods sold }} & \underline{1500}  \
& \text {  Inventory} &15
\end{array}$
 $\begin{array}{lccc}
  \text {Inventory turn-days:} &{360} & \underline{360}  \
& \overline{\text {Inventory Turnover} }&100
\end{array}$

Quizplus · Accepted Answer

The Answer of If the cost of goods sold is $1500 and their inventory of the product is 15. What is their inventory turn-days ratio? What does this answer mean and what type of firm would have inventory for this time-period?
 $\begin{array}{llcc}
  \text { Inventory Ratio: } &\underline{\text { Cost of goods sold }} & \underline{1500}  \
& \text {  Inventory} &15
\end{array}$
 $\begin{array}{lccc}
  \text {Inventory turn-days:} &{360} & \underline{360}  \
& \overline{\text {Inventory Turnover} }&100
\end{array}$

If the Cost of Goods Sold Is $1500 and Their