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14 December, 07:58

The following information is available for Tye Company at December 31: Beginning inventory $80,000; Ending inventory $120,000; Cost of goods sold $1,200,000; and Sales Revenue $1,600,000. Tye's inventory turnover is (A) 16 times (B) 10 times (C) 15 times (D) 12 times

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Answers (1)
  1. 14 December, 08:25
    0
    12 Times.

    Explanation:

    By putting values in the below format:

    = (1200000 / ((80000+120000/2))

    = 12
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Home » Business » The following information is available for Tye Company at December 31: Beginning inventory $80,000; Ending inventory $120,000; Cost of goods sold $1,200,000; and Sales Revenue $1,600,000.
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