Mack Corp. reported annual cost of goods sold of ($ 30,000) and average inventory on hand during

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Mack Corp. reported annual cost of goods sold of $\$ 30,000$ and average inventory on hand during the year of $\$ 3,750$. What was Mack's inventory turnover?

a. 0.125 times

b. 8.0 times

c. $\$ 26,250$

d. $8.0 \%$

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 16, 2024 08:02 AM

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Mack Corp. reported annual cost of goods sold of ($ 30,000) and average inventory on hand during

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To calculate the inventory turnover we divide the cost of good...View the full answer

Financial Accounting For Undergraduates

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