-Calculate C Co's inventory turnover ratio and the days' sales in inventory for 20X2.
A) 5.89 times and 62.0 days
B) 18.41 times and 19.8 days
C) 5.58 times and 65.4 days
D) 6.11 times and 59.7 days

Name: -Calculate C Co's inventory turnover ratio and the days' sales in inventory for 20X2. A) 5.89 times and 62.0 days B) 18.41 times and 19.8 days C) 5.58 times and 65.4 days D) 6.11 times and 59.7 days
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Question

-Calculate C Co's inventory turnover ratio and the days' sales in inventory for 20X2.
A) 5.89 times and 62.0 days 
B) 18.41 times and 19.8 days 
C) 5.58 times and 65.4 days 
D) 6.11 times and 59.7 days

Quizplus · Accepted Answer

Calculation: $6,009 ÷ [($1,076 + $890)/2] = 6.11; 365 ÷ 6.11 = 59.7.

-Calculate C Co's Inventory Turnover Ratio and the Days' Sales