Ask Experts Questions for FREE Help !
Ask
    Samirah's Avatar
    Samirah Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Mar 19, 2010, 11:19 AM
    Calculating Inventory Turnover
    Corporation has ending inventory
    Of $352,600, and cost of goods sold for the year just ended was
    $1,586,700. What is the inventory turnover? The days’ sales in inventory?
    How long on average did a unit of inventory sit on the shelf before it was sold?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Mar 21, 2010, 04:59 AM

    Please see this post:
    https://www.askmehelpdesk.com/financ...ty-458880.html
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #3

    Mar 21, 2010, 05:13 AM

    Please visit Welcome to Investopedia.com, you will find all answers
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Inventory turnover calculation [ 2 Answers ]

What is the inventory turnover calculation

How should I show my work for calculating the inventory turnover ratio? [ 1 Answers ]

How should I show my work for calculating the inventory turnover ratio, days in inventory and gross profit rate for 2004, 2005, 2006? The problem: (in millions) 2004 2005 2006 Beginning inventory $1,412 $1,541 $1,693 Ending inventory 1,541 1,693 1.926 Cost of goods...

Inventory turnover [ 1 Answers ]

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 ...

Accounting : Inventory Turnover [ 1 Answers ]

Please check my answer: Cost of merchandise sold 12/31/05 $ 172,900 12/31/06 $150,600 Inventory 12/31/05 16,000 12/31/06 12,000 Based on the above information compute the inventory turnover. The problem is - the...

Inventory turnover [ 1 Answers ]

How to calculate inventory turnover without Beginning inventory? Are there any other formula to calculate inventory turnover other than COGS/Average inventory?

View more questions Search