Based on the Following Information, What Is (1) Inventory Turnover;

question 193

Multiple Choice

Based on the following information, what is (1) inventory turnover; (2) average daily cost of goods sold using a 365 day year; and (3) number of days' sales in inventory.
Cost of goods sold $195,640
Inventory:
Beginning of year 20,500
End of year 18,628

• A) (1) 9.9 times
• (2) $543.44
• (3) 36.3 days
• B) (1) 10.5 times
• (2) $536
• (3) 34.8 day
• C) (1) 9.5 times
• (2) $543.44
• (3) 37.7 days
• D) (1) 10 times
• (2) $536
• (3) 36.5 days

Learn the tools and processes used in narrowing down situational assessment data for strategic planning.

Differentiate between goals and objectives within strategic management.

Understand the implications of choosing specific strategies to address profitability issues.

Acknowledge the importance of market-related and financial objectives in strategic planning.

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