The following balance sheet information is provided for Gaynor Company: Assuming Year 2 cost of goods sold is $122,000, what is the company's inventory turnover?
A)2.77 times
B)3.03 times
C)3.34 times
D)None of these answers choices are correct.

Question

The following balance sheet information is provided for Gaynor Company:  Assuming Year 2 cost of goods sold is $122,000, what is the company's inventory turnover?
A)2.77 times 
B)3.03 times 
C)3.34 times 
D)None of these answers choices are correct.

Quizplus · Accepted Answer

The Answer of The following balance sheet information is provided for Gaynor Company:  Assuming Year 2 cost of goods sold is $122,000, what is the company's inventory turnover?
A)2.77 times 
B)3.03 times 
C)3.34 times 
D)None of these answers choices are correct.

The Following Balance Sheet Information Is Provided for Gaynor Company