Agnes Company reported the following data:
- What was the inventory turnover ratio?
A)2.2
B)1.8
C)2.0
D)3.0

Name: Agnes Company reported the following data: - What was the inventory turnover ratio? A)2.2 B)1.8 C)2.0 D)3.0
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Question

Agnes Company reported the following data: 
- What was the inventory turnover ratio?
A)2.2 
B)1.8 
C)2.0 
D)3.0

Quizplus · Accepted Answer

The inventory turnover ratio is calculated as Cost of Goods Sold / Average Inventory. Unfortunately, we are not given the cost of goods sold or the average inventory. Therefore, we cannot calculate the inventory turnover ratio.

Agnes Company Reported the Following Data