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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.
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There seems to be a simple formula inventory turnover ratio: \[\text{Inventory Turnover} = \dfrac{\text{Cost of Goods Sold}}{\text{Average of Inventory}}\]
@Tifferslovesyaoi We already know the Cost of Goods sold, correct?
for which question?
The first question.
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Was that wrong?
Oh, I see. You want me to check it. Hang on a min
Number 1 is correct.
I really need help with 5 7 9 and 10
I see. Well, maybe someone else can help. I'm not an accounting major.
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