If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?
A)19.23
B)4.5
C)0.8654
D)0.2222
E)None of these

Name: If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover? A)19.23 B)4.5 C)0.8654 D)0.2222 E)None of these
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Question

Quizplus · Accepted Answer

Inventory Turnover = Cost of Goods Sold / Average Aggregate Inventory Value
Inventory Turnover = $450,000 / $100,000 = 4.5

If the Average Aggregate Inventory Value Is $100,000 and the Cost