The following information was available for Bowyer Company at December 31, 2022: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $800,000; and sales $1,100,000.Bowyer's inventory turnover in 2022 was
A)13.8 times.
B)10.0 times.
C)11.4 times.
D)8.9 times.

Question

Quizplus · Accepted Answer

The Answer of The following information was available for Bowyer Company at December 31, 2022: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $800,000; and sales $1,100,000.Bowyer's inventory turnover in 2022 was
A)13.8 times.
B)10.0 times.
C)11.4 times.
D)8.9 times.

The Following Information Was Available for Bowyer Company at December