Inventory turnover is computed by dividing cost of goods sold by ______blank: multiple...

70.2K

Verified Solution

Question

Accounting

Inventory turnover is computed by dividing cost of goods sold by ______blank:
multiple choice
2\times (ending inventory + beginning inventory)
(beginning cost of goods sold + ending cost of goods sold)/2
(ending inventory + cost of goods sold)/2
(beginning inventory + ending inventory)/2

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students