What is its inventory turnover ratio and its cost of goods

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Reference no: EM131825648

An auto parts store has Inventory of $500,000 and days' sales in inventory of 50 days. What is its inventory turnover ratio, and its cost of goods sold?

1) Inventory turnover = 10,000, and its cost of goods sold = $50,000,000

2) Inventory turnover = 7.3, and its cost of goods sold = $3,650,000

3) Inventory turnover = 7.3, and its cost of goods sold = $68,439

4) Inventory turnover = 10, and its cost of goods sold = $5,000,000

Reference no: EM131825648

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