Problem:
A firm hast a net sales of $ 58800.00, Operating costs of $ 54,978.00, Depreciation of $ 1,020.00,EBIT of $ 2,793.00, interest $ 1050.00 and taxes of $ 610.10.
Required:
Question: What are the cost of goods sold and the inventory turnover ratio?
Note: Please show how to work it out.