Use the following information to answer questions 25 and 26.

-Rounded up to two decimal places, what are the inventory turnovers for Wannamaker's and Delano's?
A) 2.76 and 3.02
B) 0.93 and 1.20
C) 1.46 and 0.93
D) 1.30 and 2.18

Question

Use the following information to answer questions 25 and 26.
 
-Rounded up to two decimal places, what are the inventory turnovers for Wannamaker's and Delano's?
A) 2.76 and 3.02 
B) 0.93 and 1.20 
C) 1.46 and 0.93 
D) 1.30 and 2.18

Quizplus · Accepted Answer

The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory. Without specific data, we assume the correct answer based on the given options.

Use the Following Information to Answer Questions 25 and 26