Tinker's Cost of Goods Sold in the Year of Sale

Multiple Choice

Tinker's cost of goods sold in the year of sale (2016) was $750,000 and 2015 cost of goods sold was $770,000. The inventory at the end of 2016 was $188,000 and at the end of 2015 the inventory was $208,000. Tinker's inventory turnover during 2016 was closest to:

A) 3.79
B) 3.99
C) 3.84
D) 3.89