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A company reports annual sales of $5 million, cost of goods sold of $2 million, inventory of $0.5 million, and net income of $0.75 million. What are the company's annual inventory turns? a. 10 b. 4 c.
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A company reports annual sales of $5 million, cost of goods sold of $2 million, inventory of $0.5 million, and net income of $0.75 million. What are the company's annual inventory turns?

a. 10
b. 4
c. 0.25
d. 0.1

User KalenGi
by
7.7k points

1 Answer

4 votes

Answer:

10

Step-by-step explanation:

hth!

User Adrian World
by
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