Zebra Inc. has cost of goods sold for the year of $1,900,000. The average inventory for the year is $129,000. The inventory turnover for the year is:

Name: Zebra Inc. has cost of goods sold for the year of $1,900,000. The average inventory for the year is $129,000. The inventory turnover for the year is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The inventory turnover is calculated by dividing the cost of goods sold by the average inventory. So, $1,900,000 / $129,000 = 14.7.

Zebra Inc Has Cost of Goods Sold for the Year of of $1,900,000