Use the following information to answer questions
Green Thumb Garden Supplies reported the following information for 2021 and 2022.

-What is the inventory turnover ratio for 2022?
A)2.3 times
B)2.0 times
C)1.8 times
D)0.5 times

Question

Use the following information to answer questions 
Green Thumb Garden Supplies reported the following information for 2021 and 2022.
 
-What is the inventory turnover ratio for 2022?
A)2.3 times 
B)2.0 times 
C)1.8 times 
D)0.5 times

Quizplus · Accepted Answer

The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory. Without specific data, the correct choice is assumed to be 2.0 times based on the provided options.

Use the Following Information to Answer Questions