Practice: ABC Company had $200,000 in Net Sales and Gross Profit of $80,000. If Inventory had a balance of $60,000, what is the Inventory Turnover ratio?
Concept #1: Ratios: Inventory Turnover
Practice: ABC Company had $200,000 in Net Sales and Gross Profit of $80,000. If Inventory had a balance of $60,000, what is the Inventory Turnover ratio?
