Calculate Inventory Turnover at Cost (To Nearest Hundredth)

question 87

Short Answer

Calculate inventory turnover at cost (to nearest hundredth):
$$\begin{array} { | l | l | l | l | } \hline \text { Ending Inventory } & \$ 30,000 & \text { Beginning Inventory } & \$ 20,000 \\\hline \text { Cost of Goods Sold } & \$ 48,000 & \text { Net Sales } & \$ 80,000 \\\hline\end{array}$$

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