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In 2005, Joan Had Cost of Goods of 58,358; in 2006

Question 72

Multiple Choice

In 2005, Joan had Cost of Goods of 58,358; in 2006, they were 65,069. On the last day 2005 her Inventory was 675, and on the last day of 2006 it was 1,559. What is the Inventory Turnover for Joan's Coffee Shop for 2006?


A) 58.25
B) 55.25
C) 41.74
D) 52.25

Correct Answer:

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