The records of Alberta Inc.included the following information:

-Use the information above to answer the following question.What is the inventory turnover ratio?
A) 3.87 times
B) 4.00 times
C) 4.14 times
D) 2.00 times

Question

The records of Alberta Inc.included the following information:
 
-Use the information above to answer the following question.What is the inventory turnover ratio?
A) 3.87 times 
B) 4.00 times 
C) 4.14 times 
D) 2.00 times

Quizplus · Accepted Answer

The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory. The correct choice is based on the given data and calculations that result in 4.00 times.

The Records of Alberta Inc.included the Following Information