2012 ending inventory is $27,000; 2013 ending inventory is $19,000;2014 ending inventory is $21,000; and cost of goods sold is $63,500 for 2014 and $65,900 for 2013. What is the inventory turnover for 2013 and 2014? Has the inventory turnover improved?

Question

Quizplus · Accepted Answer

The Answer of 2012 ending inventory is $27,000; 2013 ending inventory is $19,000;2014 ending inventory is $21,000; and cost of goods sold is $63,500 for 2014 and $65,900 for 2013. What is the inventory turnover for 2013 and 2014? Has the inventory turnover improved?

2012 Ending Inventory Is $27,000; 2013 Ending Inventory Is $19,000;2014