Respuesta :
It holds an average of $11 billion in inventory.
Cost of goods sold =$44 billion
inventory turnover =4
Formula: Average inventory = Cost of goods sold/Inventory turnover
= 44/4
= $ 11 billion
The term "inventory" refers to both the raw materials utilized in production and the finished commodities that are offered for sale. One of a company's most valuable assets is its inventory because it is one of the main ways the business generates income and, consequently, profits for its shareholders. There are three categories of inventory: raw materials, work-in-progress, and finished goods. On a company balance sheet, it is classified as a current asset.
Any business's inventory is a crucial asset. It is defined as the assortment of raw materials or completed products that a company maintains throughout the normal course of business. The three main types of inventory include raw materials.
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