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A company had a beginning inventory balance of $32,000, an ending inventory of $39,100, a cost of goods sold of $200,400, and a net sales revenue of $256,500. The rate of inventory turnover is
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A company had a beginning inventory balance of $32,000, an ending inventory of $39,100, a cost of goods sold of $200,400, and a net sales revenue of $256,500. The rate of inventory turnover is

User Chisty
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Inventory turnover was 6. They turned there inventory 6 times.
User Heine Frade
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