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A Company Has an Inventory Turnover Ratio of 2

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A company has an inventory turnover ratio of 2.81,merchandise inventory for 2011 is $93,303,and average inventory of $83,397.What is the cost of goods sold?


Definitions:

Firefighter

A trained professional dedicated to extinguishing fires, rescuing people, and preventing fire hazards to save lives and property.

Human Resource Management

The strategic approach to the effective management of an organization's workers so that they help the business gain a competitive advantage.

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A state of physical well-being concerning the functionality and condition of the body's joints, including their strength and freedom from pain.

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