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9 February, 08:58

Caruso, inc. has an inventory turnover rate of 8 times. if its cost of goods sold is $150,000, then

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  1. 9 February, 10:22
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    Inventory turnover rate = 8 times

    Cost of goods sold = $150,000

    Then the average inventory of company is $18,750.

    This is how we calculate this;

    Cost of goods sold / inventory turnover rate =

    $150,000 / 8 = $18,750.
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