Answer:
<h2>2.78</h2>
Step-by-step explanation:
Inventory turn over is the same as the inventory turn over ratio. Inventory turn over is defined simply as the ratio of the cost of goods that was sold (net sales) to the average inventory at the selling price.
Inventory turn over = Cost of goods/average inventory
Cost of goods sold = $50000
Average inventory = beginning of inventory + ending inventory/2
Average inventory = $16000+$20000/2
Average inventory = $36000/2
Average inventory = $18000
Inventory turn over = $50000/$18000
Inventory turn over= 2.78
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Answer: False
Step-by-step explanation:
Answer:
24
Step-by-step explanation:
23+4⋅2−7
PEMDAS
Multiply first
23+8−7
Add and subtract from left to right
31-7
24
