Question

So I am really confused on this math. I got a lot of problems done but a few I just cannot figure out. I have tried everything. Please help. I will medal and fan.

Answer 1

There seems to be a simple formula inventory turnover ratio:

\[\text{Inventory Turnover} = \dfrac{\text{Cost of Goods Sold}}{\text{Average of Inventory}}\]

Answer 2

@Tifferslovesyaoi We already know the Cost of Goods sold, correct?

Answer 3

for which question?

Answer 4

The first question.

Answer 5

Was that wrong?

Answer 6

Oh, I see. You want me to check it. Hang on a min

Answer 7

Number 1 is correct.

Answer 8

I really need help with 5 7 9 and 10

Answer 9

I see. Well, maybe someone else can help. I'm not an accounting major.