What is the inventory turnover rate

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Your firm has sales of $628,000 and cost of goods sold of $452,000. At the beginning of the year, your inventory was $31,000. At the end of the year, the inventory balance was $33,000. What is the inventory turnover rate? A.)11.23 times B.)12.56 times C.)14.13 times D.)19.63 times E.)29.06 times

Reference no: EM131067093

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What is the inventory turnover rate : Your firm has sales of $628,000 and cost of goods sold of $452,000. At the beginning of the year, your inventory was $31,000. At the end of the year, the inventory balance was $33,000. What is the inventory turnover rate?

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