The Records of Alberta Inc What Is the Inventory Turnover Ratio?
A)3

Multiple Choice

The records of Alberta Inc.included the following information: $$\begin{array} { l r } \text { Cost of goods sold } & \$ 1,800,000 \\\text { Begirniring irventory } & 435,000 \\\text { Ending irventory } & 465,000\end{array}$$ What is the inventory turnover ratio?

A) 3.87 times
B) 4.00 times
C) 4.14 times
D) 2.00 times