Respuesta :

jushmk
Question: It should be inventory turnover.

Solution:
Inventory turnover = Cost of goods sold/Average inventory

Substituting the values given for cost of goods and average inventory;
 Inventory turnover = 6,000/1,500 = 4
JeanaShupp

Answer: 4

Step-by-step explanation:

Given: Cost of product sold = $6,000

Average value of inventory= $1,500

We know that the inventory turnover formula is given by :-

[tex]\text{Inventory turnover}=\frac{\text{ Cost of product sold}}{\text{Average value of inventory}}[/tex]

[tex]\\\Rightarrow\ \text{Inventory turnover}=\frac{\$6,000 }{\$1500}\\\\\Rightarrow\ \text{Inventory turnover}=4[/tex]

Therefore, the stock turnover for a product that has sales of $6,000 and an average value of inventory investment of $1,500 = 4

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