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

    Feb 3, 2008, 12:27 PM
    Goods Sold vs. Sales
    :confused: Is there a difference between Goods Sold and Sales?
    If so, what are they?

    Inventory Turnover (IT) = Goods Sold/Inventory
    Asset Turnover (AT) = Sales/Asset
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Feb 3, 2008, 01:46 PM
    (Question moved from Introductions to more appropriate topic area so that it will get noticed more by the people who are best able to answer the question.)
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
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    #3

    Feb 3, 2008, 01:59 PM
    You use selling price for each unit to get Sales, but use cost for each unit for COGS.
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