Sugar,Inc.sells $938,600 of goods during the year that have a cost of $797,200.Inventory was $59,566 at the beginning of the year and $68,076 at the end of the year. What is the inventory turnover ratio?
A) 12.5 times
B) 13.4 times
C) 14.7 times
D) 2.2 times
Correct Answer:
Verified
Q153: Probes,Inc.wrote down its inventory to the lower
Q154: Barron Industries has the following information:
Q155: Sun Concepts sells and installs solar
Q156: The number of days to sell is
Q157: Sugar,Inc.sells $938,600 of goods during the year
Q159: An increasing balance in the Inventory account
Q160: A decreasing inventory turnover ratio indicates:
A)a longer
Q161: Which one of the following statements about
Q162: The inventory turnover ratio directly measures:
A)the days
Q163: Charter Company,which uses the perpetual inventory method,purchases
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents