Answer:
The correct answer is : 3.8 times
Explanation:
This inventory system is easy to calculate when you divide the cost of goods that were sold by average inventory. The turnover was 5.1 times in 2016 and in the following year, it was 8.9. This showed an increasing tendency of 3.8 times more. This approach has the purpose of sourcing, storing, and selling inventory—both raw materials and finished goods.
