Multiple Choice
In 2015, Hidey Company had average inventory of $86,000. The 2015 income statement showed net sales of $2,200,000 and gross profit of $420,000. In 2014, it was taking the company approximately 30 days to sell its inventory.
-The company's inventory turnover for 2015 was approximately
A) 20.7 times.
B) 2.7 times.
C) 25.6 times.
D) 4.9 times.
Correct Answer:

Verified
Correct Answer:
Verified
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