A company's net sales revenue is $20,000,000.Its cost of goods sold is $15,000,000.Its beginning inventory is $100,000,and its ending inventory is $200,000.Which of the following is its rate of inventory turnover?

Name: A company's net sales revenue is $20,000,000.Its cost of goods sold is $15,000,000.Its beginning inventory is $100,000,and its ending inventory is $200,000.Which of the following is its rate of inventory turnover?
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Question

Quizplus · Accepted Answer

D) Calculations: $15,000,000/[($100,000+$200,000)/2]

A Company's Net Sales Revenue Is $20,000,000