Jason Traders has net sales of $1,020,099, cost of goods sold 907,492, prior year inventory $185,279, current year inventory 244,117 . What is the company's inventory turnover ratio?

If Blue Sky Company has prior year total assets of $8,842,138, current year total assets of $9,128,235 and net credit sales of $10,202,142, what is its total asset turnover?

Answer rating: 100% (QA)

To calculate the inventory turnover ratio we need to divide the cost of goods sold by the average in... View the full answer