They had net income of 31340 the average amount of


A company had $90,171 in sales and $60,246 in cost of goods sold during the year. They had net income of $31,340. The average amount of inventory held during the year was $26,528. What was the inventory turnover ratio? Express your answer in times (rather than days) with one place to the right of the decimal (XX.X). 

Request for Solution File

Ask an Expert for Answer!!
Financial Management: They had net income of 31340 the average amount of
Reference No:- TGS02789853

Expected delivery within 24 Hours