Cost of goods sold-what is the average inventory it holds

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Home Depot’s annual turns are 4.7, its Cost of Goods Sold (COGS) is $44.7 Billion, and its gross margin is 33%. Recall, gross margin = (Revenue COGS) / Revenue. What is the average inventory it holds in $ Billion?

Reference no: EM13783499

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Cost of goods sold-what is the average inventory it holds : Home Depot’s annual turns are 4.7, its Cost of Goods Sold (COGS) is $44.7 Billion, and its gross margin is 33%. Recall, gross margin = (Revenue COGS) / Revenue. What is the average inventory it holds in $ Billion?

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