SSS Ltd Has Provided Information from Its Financial Statements for the Year

Multiple Choice

SSS Ltd has provided information from its financial statements for the year ended 30 June 2018. $\begin{array}{ll}\text { Sales (all on credit) } & \$ 2,000,000 \\\text { Gross profit on sales } & 1,000,000 \\\text { Net profit } & 150,000 \\\text { Cost of sales } & 1,000,000 \\\text { Inventory at end of year } & 200,000 \\\text { Accounts receivable at end of year } & 500,000\end{array}$
-The company trades 365 days per year. The number of times SSS's inventory turned over for 2018 is:

A) 2.0 times.
B) 5.0 times.
C) 5.5 times.
D) 2.2 times.