Exam (elaborations)
APICS CPIM - Part 1 Module 5 EXAM 2023 WITH COMPLETE SOLUTIONS
- Course
- Institution
Inventory on the balance sheet at the end of the last year was $5,000,000. Inventory at the end of this year was $4,000,000. Last year's annual cost of goods sold (COGS) was $3,000,000. This year's annual COGS was $2,300,000. What is this year's inventory turnover? 0.511 times EXPLANATION: Inv...
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