Giorgio had cost of goods sold of $9,565 million, ending inventory of $2,233 million, and average inventory of $2,109 million. its inventory turnover equals:

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Business

Gabrielle

1 March, 17:23

Giorgio had cost of goods sold of $9,565 million, ending inventory of $2,233 million, and average inventory of $2,109 million. its inventory turnover equals:

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Moshe · Answer 1

cost of goods sold = $9,565 million

ending inventory of = $2,233 million

average inventory = $2,109 million

Inventory Turnover = Cost of Goods Sold/Average Inventory

Inventory Turnover = $9,565 / $2,109 = 4.535 times