What was firm-s inventory turnover


Avanti Corporation had beginning inventory $50,000, cost of goods purchased $350,000, and ending inventory $100,000. What was Avanti's inventory turnover?

  1. 3 times.
  2. 4 times.
  3. 5.33 times.
  4. 6 times.

Solution Preview :

Prepared by a verified Expert
Finance Basics: What was firm-s inventory turnover
Reference No:- TGS0673771

Now Priced at $5 (50% Discount)

Recommended (99%)

Rated (4.3/5)