inventory turnover ratio
= cost of goods sold/inventory
= 9752/515
= 18.94
hence the answer is 18.94
Question 5 (1 point) A firm with cost of goods sold of $9752 and inventories of...
Question 5 (1 point) A firm with cost of goods sold of $8045 and inventories of $792 has an inventory turnover ratio of ___ Round your answer to two decimal points; example 1.12. Your Answer: Answer Question 6 (1 point) Calculate the gross profit margin for a firm with sales of $50,000,000 and cost of goods sold of $40,000,000. (Enter your answer as percentage rounded to two decimal points. For example, enter 1.53 instead of 0.0153.) Your Answer: Answer
please answer. Question 5 (1 point) A firm with cost of goods sold of $1591 and inventories of $873 has an inventory turnover ratio of ____ Round your answer to two decimal points; example 1.12. Your Answer:
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Use the following Information: $245,eee 176,eee 54,eee 44, eee Net sales Cost of goods sold Beginning inventory Ending inventory a. Calculate the Inventory turnover ratio. (Round your answer to 1 decimal place.) Inventory turnover ratio times b. Calculate the average days In Inventory. (Assume 365 days in a year. Round your intermediate calculationss and final answer decimal place.) Average days in inventory days c. Calculate the gross profit ratio. (Round your answer to 2 decimal place.) Gross profit ratio
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Anderson Farms Company provided the following for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,200,000 300,000 630,000 Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.) O A. 2.58 times per year OB. 1.29 times per year O c. 1.9 times per year OD. 4 times per year
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