PMT Incorporated 2008 financial statements showed the following:
Sales Revenue: $1,500,000
Cost of Goods sold: $1,100,000
Beginning Inventory: $150,000
Ending Inventory: $130,000
What was the company's inventory turnover rate for 2008? Please describe your answer.© BrainMass Inc. brainmass.com December 20, 2018, 5:48 am ad1c9bdddf
Inventory turnover rate is how fast the inventory is being sold. It is calculated ...
The solution explains how to calculate inventory turnover rate