Use the following information to answer of questions .
-India East's inventory turnover is

Question

Use the following information to answer of questions . 
-India East's inventory turnover is

Quizplus · Accepted Answer

The inventory turnover for India East can be calculated by dividing the cost of goods sold by the average inventory. Using the given information, we can calculate as follows:
Inventory turnover = Cost of goods sold / Average inventory
= 33,500,000 / ((3,030,000+2,885,000)/2)
= 3.85 times
Therefore, the correct answer is option C, which is 3.85 times.

Use the Following Information to Answer of Questions