Zebra Inc.cost of goods sold for the year is $1,900,000 and the average merchandise inventory for the year is $129,000.Calculate the inventory turnover ratio of the company.
A)16.78 times
B)14.73 times
C)33.8 times
D)65.5 times

Question

Quizplus · Accepted Answer

Inventory turnover ratio = Cost of goods sold / Average inventory
= $1,900,000 / $129,000
= 14.73 times approximately. 
Therefore, the best choice is B.

Zebra Inccost of Goods Sold for the Year Is $1,900,000 and and the Average