What is the value of inventory turnover

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Reference no: EM133069681

Problem:

Large Company

 

Net sales

 $40,000

Cost of sales

 $32,500

Gross profit

 $7,510

Selling, general, and administrative expenses

 $6,280

Operating income

 $1,230

Net income

 $840

Cash and cash equivalents

 $8,700

Net receivables

 $350

Inventories

 $3,330

Total current assets

 $12,590

Property and equipment

 $790

Other assets

 $1,210

Total assets

 $14,590

Accounts payable

 $11,620

Stockholder equity

 $1,410

Required:

Question: What is the value of Inventory Turnover(INVT)?

Reference no: EM133069681

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