Refer to the following selected financial information from Graceworks Corp.Compute the company's inventory turnover for Year 2. $$\begin{array} { l l }
&\text { Year 2 } & \text { Year } 1 \
Merchardise~ irventory&271,000 & 253,500 \
Cost ~of~ goods~ sold&486,400 & 433,100
\end{array}$$
A)1.79.
B)1.71.
C)1.85.
D)0.93.
E)1.75.

Question

Refer to the following selected financial information from Graceworks Corp.Compute the company's inventory turnover for Year 2. $$\begin{array} { l l } 
&\text { Year 2 } & \text { Year } 1 \
Merchardise~ irventory&271,000 & 253,500 \
Cost ~of~ goods~ sold&486,400 & 433,100
\end{array}$$
A)1.79.
B)1.71.
C)1.85.
D)0.93.
E)1.75.

Quizplus · Accepted Answer

The Answer of Refer to the following selected financial information from Graceworks Corp.Compute the company's inventory turnover for Year 2. $$\begin{array} { l l } 
&\text { Year 2 } & \text { Year } 1 \
Merchardise~ irventory&271,000 & 253,500 \
Cost ~of~ goods~ sold&486,400 & 433,100
\end{array}$$
A)1.79.
B)1.71.
C)1.85.
D)0.93.
E)1.75.

Refer to the Following Selected Financial Information from Graceworks Corp