Question

giorgio had cost of goods sold of $9,469 million, ending inventory of $2,137 million, and average inventory of $2,013 million. its inventory turnover equals

Answer 1

Answer:

4.535 times

Explanation:

cost of goods sold = $9,565 million

ending inventory of = $2,233 million

average inventory = $2,109 million

Inventory Turnover = Cost of Goods Sold/Average Inventory

Inventory Turnover = $9,565 / $2,109 = 4.535 times