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What was oregon inventory turnover ratio

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Q1. Oregon Inc. had $420,000 in inventory at the beginning of the year and $340,000 at the end of the year. The cost of the inventory that was sold during the year was $4,200,000. What was Oregon's inventory turnover ratio?

-9.04

-10.00

-12.35

-11.05

Q2. A low inventory turnover might indicate all of the following except:

-slow moving goods

-a worsening economy

-a well-received ad campaign

-poor management

Reference no: EM132996735

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