The financial statements of Black Barn Company are given below. Refer to the financial statements of Black Barn Company.The firm's inventory turnover ratio for 2009 is
A)3.15.
B)3.63.
C)3.69.
D)2.58.
E)4.20.

Name: The financial statements of Black Barn Company are given below. Refer to the financial statements of Black Barn Company.The firm's inventory turnover ratio for 2009 is A)3.15. B)3.63. C)3.69. D)2.58. E)4.20.
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Question

The financial statements of Black Barn Company are given below.  Refer to the financial statements of Black Barn Company.The firm's inventory turnover ratio for 2009 is
A)3.15. 
B)3.63. 
C)3.69. 
D)2.58. 
E)4.20.

Quizplus · Accepted Answer

$5,260,000/[($1,840,000 + $1,500,000)/2] = 3.15.

The Financial Statements of Black Barn Company Are Given Below