A firm has current assets of $350,000,current liabilities of $200,000,cost of goods sold of $250,000,and inventory of $75,000.The firm's inventory turnover is
A) 5.0 times.
B) 3.3 times.
C) 2.7 times.
D) 2.0 times.
E) 4.7 times.

Question

Quizplus · Accepted Answer

Inventory turnover = 11ea7fdb_fc2e_9d4b_a768_dfbec4b74173_TB2902_11 Inventory turnover = 11ea7fdb_fc2e_9d4c_a768_7963bf2281cf_TB2902_11 = 3.3

A Firm Has Current Assets of $350,000,current Liabilities of $200,000,cost