Toys "R" Us had cost of goods sold of $9,421 million, ending inventory of $2,089 million, and average inventory of $1,965 million. The inventory turnover equals:

Name: Toys "R" Us had cost of goods sold of $9,421 million, ending inventory of $2,089 million, and average inventory of $1,965 million. The inventory turnover equals:
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Question

Quizplus · Accepted Answer

Inventory turnover = Cost of goods sold / Average inventory
Inventory turnover = $9,421 million / $1,965 million 
Inventory turnover = 4.79

Toys "R" Us Had Cost of Goods Sold of $9,421