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Tinker's Cost of Goods Sold in the Year of Sale

Question 67

Multiple Choice

Tinker's cost of goods sold in the year of sale (2019) was $750,000 and 2018 cost of goods sold was $770,000.The inventory at the end of 2019 was $188,000 and at the end of 2018 the inventory was $208,000. Tinker's inventory turnover during 2019 was closest to:


A) 3.99
B) 3.79
C) 3.84
D) 3.89

Correct Answer:

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