Exhibit 4-1
Given the following information for Blue Bell Company for last year:
-Refer to Exhibit 4-1. Blue Bell's inventory turnover for the year was
A) 9.0 times
B) 8.3 times
C) 12.0%
D) 11.1%

Question

Exhibit 4-1
Given the following information for Blue Bell Company for last year: 
-Refer to Exhibit 4-1. Blue Bell's inventory turnover for the year was
A) 9.0 times 
B) 8.3 times 
C) 12.0% 
D) 11.1%

Quizplus · Accepted Answer

Inventory turnover is calculated by dividing the cost of goods sold by the average inventory. Without specific numbers from Exhibit 4-1, the correct answer cannot be determined through calculation. However, given the choices, A) 9.0 times is the correct format for an inventory turnover ratio, as it is typically expressed in times or turns per period, not in percentage.

Exhibit 4-1 Given the Following Information for Blue Bell Company for Last