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Susan's Stationery sold goods that cost $42,000, and had expenses that
totaled $5,600. The average stock of goods in a year ending December 31
was $7,500.
What is Susan's Stationery inventory turnover ratio in a year ending
December 31?

Respuesta :

Parrain

Based on the cost of goods sold and the average stock for the year, Susan's inventory turnover ratio would be 5.6.

What was Susan's inventory turnover ratio?

This can be found by the formula:

= Cost of goods sold / Average stock for the year

Solving gives:

= 42,000 / 7,500.

= 5.6

In conclusion, the turnover ratio was 5.6.

Find out more on the inventory turnover ratio at https://brainly.com/question/9459259.

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