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    jaimeson2's Avatar
    jaimeson2 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 13, 2009, 06:18 AM
    Inventory turnover
    8. The cost of goods sold for a company for the year ended was $1,900,000. Merchandise inventory at the beginning of the year was $25,000 and merchandise inventory at the end of the year was $33,000. The merchandise inventory turnover for the year was:
    1. 1.7
    2. 7.4
    3. 57.5
    4. 65.5
    hamzashakaa's Avatar
    hamzashakaa Posts: 161, Reputation: 8
    Junior Member
    		  
    #2

    May 13, 2009, 11:35 PM
    1,900,000/((25000+33000)/2)=65.5
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