During the year, The Grap Company purchased $1,920,000 of inventory. The cost of goods sold for the year was $1,800,000 and the ending inventory at December 31 was $360,000. What was the inventory turnover for the year?
A) 5.0
B) 5.3
C) 6.0
D) 6.4

Question

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The Answer of During the year, The Grap Company purchased $1,920,000 of inventory. The cost of goods sold for the year was $1,800,000 and the ending inventory at December 31 was $360,000. What was the inventory turnover for the year?
A) 5.0
B) 5.3
C) 6.0
D) 6.4

During the Year, the Grap Company Purchased $1,920,000 of Inventory