Your Company Sells $469,300 of Goods During the Year That

Multiple Choice

Your company sells $469,300 of goods during the year that have a cost of $398,600.Inventory was $29,783 at the beginning of the year and $34,038 at the end of the year.
-Use the information above to answer the following question.What is the inventory turnover ratio?

A) 12.5 times
B) 13.4 times
C) 14.7 times
D) 2.2 times