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yuradex [85]
2 years ago
4

Cool Lope Shaved Ice, Inc.'s cost of goods sold for the year is $1,900,000, and the average merchandise inventory for the year i

s $132,000. Calculate the inventory turnover ratio of the company. (Round your answer to two decimal places.)
Business
1 answer:
Strike441 [17]2 years ago
3 0

Answer:

Inventory turnover ratio = 14.39(Approx)

Explanation:

Given:

Goods sold for the year = $1,900,000

Average merchandise inventory for the year = $132,000

Inventory turnover ratio = ?

Computation of inventory turnover ratio:

Inventory turnover ratio = Goods sold for the year / Average merchandise inventory for the year

Inventory turnover ratio = $1,900,000 / $132,000

Inventory turnover ratio = 14.3939394

Inventory turnover ratio = 14.39 (Approx)

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2 years ago
g The budgeted production of​ Capricorn, Inc. is 15 comma 000 units per month. Each unit requires 30 minutes of direct labor to
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Answer:

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A household appliances manufacturer has hired you to help analyze their social media datasets to determine which of their refrig
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Answer:

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231/5000

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sergejj [24]
I think the correct answer from the choices listed above is the last option. New zealand's economy has received recent boosts from <span>tourism. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span>
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