Table 1

-Based on the information in Table 1, the inventory turnover ratio is [blank].

Question

Table 1
 
-Based on the information in Table 1, the inventory turnover ratio is [blank].

Quizplus · Accepted Answer

The inventory turnover ratio is calculated by dividing the cost of goods sold (COGS) by the average inventory. Without specific numbers from Table 1, the correct answer cannot be determined directly from the provided information. However, given the options, the answer B) 2.35 times is marked as correct, indicating it was calculated based on the specific figures in the hypothetical Table 1.

Table 1 -Based on the Information in Table 1, the Inventory Turnover