What is the inventory turnover for this firm
Assignment:
The revenue for Singh Inc., is $500,000. Its cost of revenue (also known as: cost of goods sold/cost of sales) is $ 350,000 and its average inventory for the year is $30,000. What is the inventory turnover for this firm?
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Its average inventory for the year is $30,000. What is the inventory turnover for this firm?
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