Extreme Sports Company and All Sports Corporation Below is financial information for two sporting goods retailers.Extreme Sports Company operates a retail business and franchising business.At the end 2011,Extreme Sports had 263 Company-owned and 120 franchise-operated retail stores.Extreme's stores are located in suburban,strip mall and regional mall locations,the company operates in 32 states.All Sports Corporation sells sporting goods and related products at over 2,500 Company-operated retail stores.
Selected Data for All Sports and Extreme Sports
(amounts in millions)
Refer to the information for Extreme Sports Company and All Sports Corporation.
Calculate All Sports' inventory turnover ratio

Question

Extreme Sports Company and All Sports Corporation Below is financial information for two sporting goods retailers.Extreme Sports Company operates a retail business and franchising business.At the end 2011,Extreme Sports had 263 Company-owned and 120 franchise-operated retail stores.Extreme's stores are located in suburban,strip mall and regional mall locations,the company operates in 32 states.All Sports Corporation sells sporting goods and related products at over 2,500 Company-operated retail stores.
Selected Data for All Sports and Extreme Sports
(amounts in millions)
 Refer to the information for Extreme Sports Company and All Sports Corporation.
Calculate All Sports' inventory turnover ratio

Quizplus · Accepted Answer

The formula for inventory turnover ratio is Cost of Goods Sold / Average Inventory. Unfortunately, the given financial data does not include the Cost of Goods Sold for All Sports Corporation. Without this information, it is impossible to calculate the inventory turnover ratio. Therefore, the best choice is to leave the question unanswered.

Extreme Sports Company and All Sports Corporation Below Is Financial