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Inspectum Inspectum
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6 years ago
Consider a firm with an annual net income of 20 million, revenue of 60 million and cost of goods sold of 25 million.
 
  If the balance sheet amounts show 2 million of inventory and 500,000 of property, plant & equipment, what is the inventory turnover?
  A) 12.50
  B) 10.00
  C) 42.00
  D) 4.16
  E) 20.00
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AmandeepAmandeep
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6 years ago
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Inspectum Author
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6 years ago
Thanks
smdavis
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This site is awesome
Tim0301
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2 hours ago
this is exactly what I needed
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