West Coast Kids had cost of goods sold of $3,000 million,ending inventory of $1,500 million,and average inventory of $1,000 million.The merchandise turnover is

Question

Quizplus · Accepted Answer

Merchandise turnover is calculated using the formula:

Merchandise turnover = Cost of goods sold / Average inventory

Plugging in the given values, we get:

Merchandise turnover = 3,000 / 1,000 = 3

Therefore, the best choice is B with a merchandise turnover of 3.

West Coast Kids Had Cost of Goods Sold of $3,000