If Nico Corporation Has Cost of Goods Sold of $300,000

Multiple Choice

If Nico Corporation has cost of goods sold of $300,000 and inventory of $30,000, then the inventory turnover is ________ and the average age of inventory is ________.

A) 36.5; 10
B) 10; 36.5
C) 36.0; 10
D) 10; 36.0