$$\begin{array} { | r | r | }
\hline \text { Costs of goods sold for } 2018 & \$ 1,800,00 \
\hline \text { Irventory, Decernber } 31,2017 & 435,000 \
\hline \text { Irventory, Decernber } 31,2018 & 465,000 \
\hline
\end{array}$$ What is the inventory turnover for 2018?
A)3.87
B)4
C)4.14
D)2

Question

$$\begin{array} { | r | r | } 
\hline \text { Costs of goods sold for } 2018 & \$ 1,800,00 \
\hline \text { Irventory, Decernber } 31,2017 & 435,000 \
\hline \text { Irventory, Decernber } 31,2018 & 465,000 \
\hline
\end{array}$$ What is the inventory turnover for 2018?
A)3.87
B)4
C)4.14
D)2

Quizplus · Accepted Answer

Inventory turnover is calculated as Cost of Goods Sold divided by Average Inventory. Average Inventory = (435,000 + 465,000) / 2 = 450,000. Inventory Turnover = 1,800,000 / 450,000 = 4.

What Is the Inventory Turnover for 2018? A)3

What Is the Inventory Turnover for 2018?
A)3