Financial statements for Marcial Company appear below:

-Marcial Company's inventory turnover for Year 2 was closest to which of the following?
A) 8.4 times.
B) 10.4 times.
C) 12.1 times.
D) 14.8 times.

Question

Financial statements for Marcial Company appear below:

-Marcial Company's inventory turnover for Year 2 was closest to which of the following?
A) 8.4 times. 
B) 10.4 times. 
C) 12.1 times. 
D) 14.8 times.

Quizplus · Accepted Answer

Inventory turnover is calculated as Cost of Goods Sold (COGS) divided by average inventory. Without specific numbers from Marcial Company's financial statements, the exact calculation cannot be provided. However, the correct answer to a question like this would typically involve applying the formula to the provided data.

Financial Statements for Marcial Company Appear Below