Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for the year amounted to $1171250. The inventory turnover for the year is O 12.0 times. O 3.3 times. O 8.0 times. O 15 times.
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
Sub : Finance
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