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The Following Balance Sheet Information Is Provided for Gaynor Company

Question 129

Multiple Choice

The following balance sheet information is provided for Gaynor Company: The following balance sheet information is provided for Gaynor Company: Assuming Year 2 cost of goods sold is $122,000, what is the company's inventory turnover? A) 2.77 times B) 3.03 times C) 3.34 times D) None of these answers choices are correct. Assuming Year 2 cost of goods sold is $122,000, what is the company's inventory turnover?


A) 2.77 times
B) 3.03 times
C) 3.34 times
D) None of these answers choices are correct.

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