Grove Corporation Had Sales of $3,000,000,cost of Sales of $2,250,000,and

Multiple Choice

Grove Corporation had sales of $3,000,000,cost of sales of $2,250,000,and average inventory of $500,000.What was Grove's inventory turnover ratio for the period?

A) 1.6 times
B) 6 times
C) 4.5 times
D) 23 times