Sparky's
Sparky's sells auto parts.Provided below is selected financial information from the company's 2012 annual report:
$\begin{array} { l r r }
\text { Fiscalyear end } & 2012 & 2011 \
\text { (amounts in thousands of dollars) } & & \
\text { Net sales } & \$ 125,410 & \$ 106,380 \
\text { Cast of Goods Sold } & - 104,090 & - 8 9 , 3 5 5 \
\text { Grass Prafit } & \$ 21,320 & \$ 17,021 \
\text { Irventory } & \$ 31,353 & \$ 30,850
\end{array}$
-Using Sparky's financial information what is the company's inventory turnover ratio for 2012?
A) 0.69
B) 1.00
C) 3.35
D) 4.03

Question

Sparky's
Sparky's sells auto parts.Provided below is selected financial information from the company's 2012 annual report:
 $\begin{array} { l r r } 
\text { Fiscalyear end } & 2012 & 2011 \
\text { (amounts in thousands of dollars) } & & \
\text { Net sales } & \$ 125,410 & \$ 106,380 \
\text { Cast of Goods Sold } & - 104,090 & -  8 9 , 3 5 5  \
\text { Grass Prafit } & \$ 21,320 & \$ 17,021 \
\text { Irventory } & \$ 31,353 & \$ 30,850
\end{array}$
-Using Sparky's financial information what is the company's inventory turnover ratio for 2012?
A) 0.69
B) 1.00
C) 3.35
D) 4.03

Quizplus · Accepted Answer

The Answer is C

Sparky's Sparky's Sells Auto Parts -Using Sparky's Financial Information What Is the Company's Inventory Turnover

Sparky's
Sparky's Sells Auto Parts -Using Sparky's Financial Information What Is the Company's Inventory Turnover