The financial statements of Snapit Company are given below. Note: The common shares are trading in the stock market for $100 each.
Refer to the financial statements of Snapit Company. The firm's inventory turnover ratio for 2009 is
A) 4.64.
B) 4.16.
C) 4.41.
D) 4.87.
E) None of the options are correct.

Question

The financial statements of Snapit Company are given below.  Note: The common shares are trading in the stock market for $100 each.
Refer to the financial statements of Snapit Company. The firm's inventory turnover ratio for 2009 is
A) 4.64. 
B) 4.16. 
C) 4.41. 
D) 4.87. 
E) None of the options are correct.

Quizplus · Accepted Answer

The Answer of The financial statements of Snapit Company are given below.  Note: The common shares are trading in the stock market for $100 each.
Refer to the financial statements of Snapit Company. The firm's inventory turnover ratio for 2009 is
A) 4.64. 
B) 4.16. 
C) 4.41. 
D) 4.87. 
E) None of the options are correct.

The Financial Statements of Snapit Company Are Given Below