SKIP THIS IF YOU HAVE ALREADY DONE THIS. THANK YOU MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW.I WILL UPVOTE. THANK YOU2020Formula Inventory Turnover Ratio =GivenInventory turnoverSolutionCosts of Goods Sold = 42,971Average Inventory = 10,101Inventory Turnover Ratio =Answer Inventory Turnover Ratio = 4.254Costs of Goods SoldAverage Inventory2019Costs of Goods Sold 46,647Average Inventory = 9,34342,971Inventory Turnover Ratio =10,10146,6479,343Inventory Turnover Ratio = 4.993

Inventory is very important for business but too much inventory is cost to firm but too less…

Inventory turnover 2020 Formula Inventory Turnover Ratio = Costs of Goods Sold Average Inventory Given Costs of Goods Sold = 42,971 Average Inventory = 10,101 42,971 10,101 Solution Inventory Turnover Ratio = Answer Inventory Turnover Ratio = 4.254 2019 Costs of Goods Sold = 46,647 Average Inventory = 9,343 Inventory Turnover Ratio = 46,647 9,343 Inventory Turnover Ratio = 4.993

Inventory turnover 2020 Formula Inventory Turnover Ratio = Costs of Goods Sold Average Inventory Given Costs of Goods Sold = 42,971 Average Inventory = 10,101 42,971 10,101 Solution Inventory Turnover Ratio = Answer Inventory Turnover Ratio = 4.254 2019 Costs of Goods Sold = 46,647 Average Inventory = 9,343 Inventory Turnover Ratio = 46,647 9,343 Inventory Turnover Ratio = 4.993

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 15PA: Use the following information relating to Shana Company to calculate the inventory turnover ratio...

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