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Excerpts from Deandrade Corporation's Most Recent Balance Sheet Appear Below

Question 33

Multiple Choice

Excerpts from Deandrade Corporation's most recent balance sheet appear below: Excerpts from Deandrade Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,360 and the cost of goods sold was $830. -The inventory turnover for Year 2 is closest to: A) 0.93 B) 6.15 C) 1.08 D) 6.38 Sales on account in Year 2 amounted to $1,360 and the cost of goods sold was $830.
-The inventory turnover for Year 2 is closest to:


A) 0.93
B) 6.15
C) 1.08
D) 6.38

Correct Answer:

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