In 2004, James, owner of James’ Television Sales Shop, had cost of goods sold of $358,358, in 2005, it was $365,069. On the last day 2004, his inventory was $45,675, and on the last day of 2005 it was $51,559. What is the inventory turnover for 2005?

Answer rating: 100% (QA)

Inventory Turnover Cost of goods Sold Inventory for 2005 365069 51559 7 ti... View the full answer