Question 1 of 30
A manufacturing company is analyzing its inventory turnover ratio to assess its efficiency in managing stock. The company has an average inventory of $150,000 and its cost of goods sold (COGS) for the year is $600,000. If the company wants to improve its inventory turnover ratio to at least 5, what should be the minimum COGS it needs to achieve to meet this target?
$750,000
$600,000
$900,000
$1,200,000

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