A company has an inventory turnover ratio of 2.90, merchandise inventory for 2010 is $46,095, and cost of goods sold is $173,420. What is the average inventory?

Name: A company has an inventory turnover ratio of 2.90, merchandise inventory for 2010 is $46,095, and cost of goods sold is $173,420. What is the average inventory?
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The Answer of A company has an inventory turnover ratio of 2.90, merchandise inventory for 2010 is $46,095, and cost of goods sold is $173,420. What is the average inventory?

A Company Has an Inventory Turnover Ratio of 2