Answer:
Inventory turnover = 4.64
Explanation:
Below is the calculation for inventory turnover:
Cost of goods sold = $9505 million
Ending inventory = $2173 million
Average inventory = $2049
Now use the below formula to find the inventory turnover:
Inventory turnover = Cost of good sold / Average inventory
Inventory turnover = $9505 / $2049
Inventory turnover = 4.64
Thus the inventory turnover is 4.64.
