infinitexero1022
02.08.2019 •
Business
Waters department store had net credit ales of $16mil and cost of goods sold of $12mil for the year. the average inventory for the year amounted to $2mil. inventory turnover for the year is
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Ответ:
6 million is the inventory turnover
Explanation:
The formula to calculate inventory turnover =
Here we are provided,
Cost of goods sold = $12 million
Average Inventory = $2 million
Or it is calculated by using the formula
Here, we are not provided with total sales, therefore, this formula cannot be used.
Using the former formula we have,
Final Answer
6 million is the inventory turnover
Ответ:
A. A card with a high compound interest rate
Explanation:
it is most likely to result in the borrower