Consider the Following Inventory Data for Two Companies: Which of These

Consider the following inventory data for two companies: Which of these companies had the higher inventory turnover ratio?

A) Nichols.
B) Winters.
C) The ratios are the same for both companies.
D) Cannot determine with the information given.Nichols' cost of goods sold = $120,000 + $240,000 - $80,000 = $280,000.Nichols' inventory turnover ratio = $280,000 [($120,000 + $80,000) /2) ] = 2.80.Winters' cost of goods sold = $150,000 + $310,000 - $100,000 = $360,000.Winters' inventory turnover ratio = $360,000 [($150,000 + $100,000) /2) ] = 2.88.