Dilisio Corporation has provided the following data:
Required:Compute the inventory turnover for this year:

Question

Dilisio Corporation has provided the following data:  Required:Compute the inventory turnover for this year:

Zybrea Knight · Accepted Answer

Final Answer : Inventory turnover = Cost of goods sold ÷ Average inventory balance*= $417,000 ÷ $210,000 = 1.99 *Average inventory balance = ($226,000 + $194,000) ÷ 2 = $210,000

Dilisio Corporation has provided the following data:
Required:Compute the inventory turnover for this year:

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