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Unformatted text preview: und by the formula (Annual Credit Sales )/(Av erage Ac c ounts
Rec eiv able).
b. The inv entory turnov er ratio is found by the formula (Cos t of Goods Sold)/(Av erage Inv entory Value).
c. The as s et turnov er ratio is found by the formula (Total Sales )/(Total As s ets ). http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie wSingle 2/2...
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- Fall '09