If a firm's inventory level of $ 10,000 represents 30 days' sales, what is the annual cost

Question:

If a firm's inventory level of $ 10,000 represents 30 days' sales, what is the annual cost of goods sold? What is the inventory turnover ratio?

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,...