Determine the company inventory turnover ratio


Problem:

JP Vineyards has sales of $812,000, a gross profit margin of 0.329, and inventory of $175,000.

Required:

Question: What is the company's inventory turnover ratio?

Note: Please show the work not just the answer.

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Accounting Basics: Determine the company inventory turnover ratio
Reference No:- TGS0883874

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