Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9,250,000 for the year. The average inventory for the year amounted to $2,500,000. The inventory turnover for the year is
A) 3.7 times.
B) 5.3 times.
C) 3.1 times.
D) 1.4 times.
Correct Answer:
Verified
Q85: The debt to assets ratio measures
A) the
Q146: Hickory Hills Pro Shop had a balance
Q148: BVI Corporation had net income of $1,600,000
Q149: Which one of the following would not
Q151: The profit margin is calculated by dividing
A)
Q153: Tito Corporation had net income of $2,000,000
Q154: The asset turnover is
A) net sales divided
Q154: BVI Corporation had net income of $1,600,000
Q155: Somen to Park Corporation had net credit
Q156: Hickory Hills Pro Shop had a balance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents