What is the inventory turnover for firm
Discuss the below:
Q: The revenue for Singh Inc., is $500,000. Its cost of revenue (also known as: cost of goods sold/cost of sales) is $ 350,000 and its average inventory for the year is $30,000. What is the inventory turnover for this firm?
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A retail store has an annual demand for 30,000 units of one of its products ordered from a wholesaler at a unit cost of $25.
The revenue for Singh Inc., is $500,000. Its cost of revenue (also known as: cost of goods sold/cost of sales) is $ 350,000 and its average inventory
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