|
|
| *Ostroff, Fair and Company>>>Other - Advertising & Marketing |
How many times did the merchandise inventory turn over during 19B? |
The BB Company's merchandise inventories and other related accounts for 19B follow: Sales ------------------------------... 3,000,000 Cost of goods sold ----------------- 2,200,000 Merchandise Inventory: Beginning of year --------------- 500,000 End of year ----------------------- 600,000 Assuming that the merchandise inventory buildup was relatively constant. Inventory turnover = COGS divided by average inventory Ave inventory = (500k + 600k)/2 = 550k Inventory t/o = 2,200,000/550,000 = 4.0 Merchandise inventory turned over 4 times during 19B. |
| Tags |
| Government & Non-Profit Food Service Financial Services Administrative and Office Support Other - Advertising & Marketing Search Engine Optimization |
Finance Categories--Copyright/IP Policy--Contact Webmaster |