Business Plan for Established Business Template
If our cost of sales are $ 120,000 and our average inventory balance is $ 90,000, then our inventory turnover rate is:.50 .75 1.00 1.33 Answer = d: Simply divide the Cost of Goods Sold or Cost of Sales of $ 120,000 by the average inventory balance for the period of $ 90,000 = 1.33. We can estimate our Operating Cycle by taking the sum of: ................
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