Warm Winters Linen, Inc. had ending inventory this year of $250,000; ending inventory last year of $200,000; and cost of goods sold of $240,000. Compute the inventory turnover. (Round answer to two decimal places.)

Question

Quizplus · Accepted Answer

The Answer of Warm Winters Linen, Inc. had ending inventory this year of $250,000; ending inventory last year of $200,000; and cost of goods sold of $240,000. Compute the inventory turnover. (Round answer to two decimal places.)