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?

Question

Quizplus · Accepted Answer

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