Pillsbury Corporation has $65,000 of cost of goods sold and average inventory of $30,000. What is Pillsburys

Question:

Pillsbury has $65,000 of cost of goods sold and average inventory of $30,000. What is Pillsbury’s ?
a. 0.46
b. 1.17
c. 1.46
d. 2.17 Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...