The 2017 financial statements of Barclay Ltd.reported beginning inventory of $130,000, ending inventory of $140,000, and cost of goods sold of $650,000 for the year.To one decimal, Barclay's inventory turnover ratio for 2017 is
A)2.9 times.
B)3.4 times.
C)4.0 times.
D)4.8 times.

Question

Quizplus · Accepted Answer

The Answer of The 2017 financial statements of Barclay Ltd.reported beginning inventory of $130,000, ending inventory of $140,000, and cost of goods sold of $650,000 for the year.To one decimal, Barclay's inventory turnover ratio for 2017 is
A)2.9 times.
B)3.4 times.
C)4.0 times.
D)4.8 times.

The 2017 Financial Statements of Barclay Ltd