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11 October, 18:42

UXZ has sales of $683,200, cost of goods sold of $512,900, and inventory of $74,315. What is the inventory turnover rate?7.33 times6.90 times5.70 times7.14 times8.47 times

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  1. 11 October, 18:53
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    Inventory turnover: 6.90 times

    Explanation:

    Inventory turnover is a way of measuring how many times a company sells its stock of inventory in a given time period and it is calculated by fomula:

    Inventory turnover = Cost of goods sold / average inventory

    = $512,900/$74,315 = 6.90 times
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Home » Business » UXZ has sales of $683,200, cost of goods sold of $512,900, and inventory of $74,315. What is the inventory turnover rate?7.33 times6.90 times5.70 times7.14 times8.47 times
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