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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Which of the following is the correct formula to calculate inventory turnover?
A) Inventory turnover = Cost of goods sold + Average merchandise inventory
B) Inventory turnover = Cost of goods sold / Average merchandise inventory
C) Inventory turnover = Cost of goods sold - Average merchandise inventory
D) Inventory turnover = Cost of goods sold × Average merchandise inventory
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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