a-company-has-a-cost-of-goods-sold-of-250000-a-beginning-inventory-of-50000-and-

Question

A company has a cost of goods sold of $250,000, a beginning inventory of $50,000, and an ending inventory of $70,000. What is the inventory turnover ratio?

Accepted Answer

4.17

Answer

5.00

Answer

4.00

Answer

3.57

A company has a cost of goods sold of \$250,000, a beginning inventory of \$50,000, and an ending inventory of \$70,000. What is the inventory turnover ratio?