From the following details provided by Trinidad Inc. Calculate the Merchandise Inventory turnover ratio for the year 2015.
$\begin{array}{llcc}
\&\underline{2015}&\underline{2014}\
\text {Cost of Goods Sold } &585,000&475,000 \
\text { Merchandise Inventory } &320,000&295,000\
\end{array}$

Question

From the following details provided by Trinidad Inc. Calculate the Merchandise Inventory turnover ratio for the year 2015.
 $\begin{array}{llcc}
\&\underline{2015}&\underline{2014}\
  \text {Cost of Goods Sold  } &585,000&475,000  \
 \text { Merchandise Inventory } &320,000&295,000\
\end{array}$

Quizplus · Accepted Answer

The Answer of From the following details provided by Trinidad Inc. Calculate the Merchandise Inventory turnover ratio for the year 2015.
 $\begin{array}{llcc}
\&\underline{2015}&\underline{2014}\
  \text {Cost of Goods Sold  } &585,000&475,000  \
 \text { Merchandise Inventory } &320,000&295,000\
\end{array}$

From the Following Details Provided by Trinidad Inc