A company has net sales of $1,000,000, cost of goo...

CMA Part 2 Practice Questions - CMA Part 2 Certified Management Accountant - Strategic Financial Management Exam

Question Number 5

A company has net sales of $1,000,000, cost of goods sold of $600,000, and average inventory of $100,000. What is the inventory turnover ratio?

6.0 10.0 4.0 0.6

✔ Correct Answer:

6.0

Related questions :

A company has current assets of $500,000 and current liabilities of $250,000. Wh...
Which of the following ratios measures a company's ability to meet its long-term...
A company reports net income of $120,000, but its cash flow from operations is o...
Which ratio best measures how efficiently a company uses its assets to generate ...
A company's return on assets (ROA) is 12% and its profit margin is 6%. What is t...
A company reports the following: Net income $200,000, Interest expense $30,000, ...
A company has a beta of 1.2, the risk-free rate is 4%, and the expected market r...