A Small Company That Trains Executives on How to Act

Multiple Choice

A small company that trains executives on how to act when working in Japan had $70,000 worth of inventory on January 1, 2018, and it had $50,000 worth of inventory on December 31, 2018.If its cost of services provided for that period was $30,000, and its net profit was $90,000, what was its inventory to turnover ratio?

A) 1 time
B) 1.5 times
C) 2 times
D) 3 times
E) 9 times