Ask Question
22 July, 20:34

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

+1
Answers (1)
  1. 22 July, 21:00
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Caruso, inc. has an inventory turnover rate of 8 times. if its cost of goods sold is $150,000, then ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers