Use the following to calculate the inventory turnover ratio for the year 2019.
$\begin{array}{lll}
&2019&2018\
\text { Cost of Goods Sold } & 585,000 & 475,000 \
\text { Merchandise Inventory } & 320,000 & 295,000
\end{array}$

Question

Use the following to calculate the inventory turnover ratio for the year 2019.
 $\begin{array}{lll}
&2019&2018\
\text { Cost of Goods Sold } & 585,000 & 475,000 \
\text { Merchandise Inventory } & 320,000 & 295,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Use the following to calculate the inventory turnover ratio for the year 2019.
 $\begin{array}{lll}
&2019&2018\
\text { Cost of Goods Sold } & 585,000 & 475,000 \
\text { Merchandise Inventory } & 320,000 & 295,000
\end{array}$

Use the Following to Calculate the Inventory Turnover Ratio for the Year