The cost of goods forecast to be sold in the next 3 months equal $1,200,000, and the average projected inventory is $600,000. What is the projected stock turns?

The cost of goods forecast to be sold in the next 3 months equal $1,200,000, and the average projected inventory is $600,000. What is the projected stock turns?
A . 6
B . 8
C . 2
D . 4

View Answer

Answer: B

Explanation:

Stock turns = Projected annual cost of goods sold/ average inventory=(1200000*4)/600000