Boxer Inc. reported inventory at the beginning of the current year of $360,000 and at the end of the current year of $411,000. If net sales for the current year are $4,429,200 and the corresponding cost of sales totaled $3,758,800, what is the inventory turnover ratio for the current year?
A) 11.48.
B) 9.15.
C) 10.44.
D) 9.75.

Question

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The Answer of Boxer Inc. reported inventory at the beginning of the current year of $360,000 and at the end of the current year of $411,000. If net sales for the current year are $4,429,200 and the corresponding cost of sales totaled $3,758,800, what is the inventory turnover ratio for the current year?
A) 11.48.
B) 9.15.
C) 10.44.
D) 9.75.

Boxer Inc Reported Inventory at the Beginning of the Current Year