Homework Answers
Answer: Option A
Explanation: Given that,
Inventory = All the good in the inventory that will ultimately be sold
= Raw material + WIP + Finished Goods
= 2,500,000 + 3,000,000 + 2,800,000
= 8,300,000
Cost of Goods sold (COGS) = 15,000,000
Inventory Turnover Ratio = COGS / Inventory
= 15,000,000 / 8,300,000
= 1.80
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