Giorgio had cost of goods sold of $9,565 million, ending inventory of $2,233 million, and average inventory of $2,109 million. its inventory turnover equals:
cost of goods sold = $9,565 million ending inventory of = $2,233 million average inventory = $2,109 million Inventory Turnover = Cost of Goods Sold/Average Inventory Inventory Turnover = $9,565 / $2,109 = 4.535 times
