Red Company and White Company reported the following information in their financial statements, prior to their merger:
To the closest hundredth, how much is the 2016 inventory turnover for Red Company?
A) 53.65
B) 4.27
C) 3.09
D) 3.62

Question

Red Company and White Company reported the following information in their financial statements, prior to their merger:
 To the closest hundredth, how much is the 2016 inventory turnover for Red Company?
A) 53.65 
B) 4.27 
C) 3.09 
D) 3.62

Quizplus · Accepted Answer

$48,250 / [($13,340 + $17,880) / 2] = 3.09

Red Company and White Company Reported the Following Information in Their