**Inventory turnove**r is computed by dividing average merchandise inventory by cost of goods sold. This statement is** false.**

**Inventory turnover** is the rate at which ** inventory stock** is sold, or can be used, and can be replaced. The inventory turnover ratio is calculated by dividing the** cost of goods sold by average inventory** of the same period.

**The inventory turnover ratio** is the number of times a company has sold as well as replenished its inventory over a specific amount of time. The formula of **inventory turnover** can also be used to calculate the** number of days **it will take to sell the inventory in hand.

**Inventory Turnover Ratio ** is defined as =** Cost of Goods Sold / Avg. Inventory**

To know more about **inventory turnover ratio **here:

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Usually if you keep paying things from your credit card you will obviously have to get more money so i would advise getting a wallet and carrying money in there.

Answer:

$9,600

Explanation:

Annual Depreciation = Cost – Residual Value/Useful Life

Using the formula

Cost=$57,000

Residual value =$9,000

Useful life =5years

Hence:

$57,000 – $9,000/5

=$48,000/5

= $9,600

The second-year depreciation will therefore be $9,600

If the inflation rate is 5%, your ending salary would actually have the same buying power of 71,250. So in actuality, you only got a raise of 21,250.

If you need raise per year, divide 21250/6 = 3541.67 per year