A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average inventory was $7,080, what is the company's inventory turnover?
A)10.0
B)8.85
C)16.77
D)18.95
E)28.95

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The Answer of A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average inventory was $7,080, what is the company's inventory turnover?
A)10.0
B)8.85
C)16.77
D)18.95
E)28.95

A Company Had Gross Profit of $134,200 on Net Sales