entory of 70 500 and average inventory of S71600 its nventor

entory of $70 500, and average inventory of S71600 its nventory tur over equals: Perfection Co p any had cost of goods sold of $853,000, e dng i Mutple Choice 6.0 O 506

Solution

Inventory Turnover = Cost of Goods Sold / Average Inventory

= $ 853,000 / $ 71,600

= 11.91340782

= 11.9

Hence, the correct answer is 11.9