Multiple Choice
If beginning and ending inventories are $175,000 and $125,000,respectively,and the cost of goods sold is $450,000,what is the inventory turnover ratio?
A) 4) 50
B) 3) 00
C) 3) 60
D) 0) 28
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q51: Which of the following ratios helps evaluate
Q85: The ratio that indicates how many days
Q89: To find the percent of increase or
Q90: If management wishes to evaluate how effectively
Q91: If Cash is $1,595 in 20X2 and
Q93: If Rick's sales decreased from $90,000 (year
Q94: The higher the times interest earned ratio,the
Q95: The ratio that measures the productivity of
Q96: If current assets were $88,000 in 20X7
Q97: For each of the following items,