Selected year-end data for the Brayer Company are presented below: The company has no prepaid expenses and inventories remained unchanged during the year.Based on these data,the company's inventory turnover ratio for the year was closest to:
A) 1.20 times.
B) 1.67 times.
C) 2.33 times.
D) 2.40 times.

Question

Selected year-end data for the Brayer Company are presented below:  The company has no prepaid expenses and inventories remained unchanged during the year.Based on these data,the company's inventory turnover ratio for the year was closest to:
A) 1.20 times. 
B) 1.67 times. 
C) 2.33 times. 
D) 2.40 times.

Quizplus · Accepted Answer

The Answer of Selected year-end data for the Brayer Company are presented below:  The company has no prepaid expenses and inventories remained unchanged during the year.Based on these data,the company's inventory turnover ratio for the year was closest to:
A) 1.20 times. 
B) 1.67 times. 
C) 2.33 times. 
D) 2.40 times.

Selected Year-End Data for the Brayer Company Are Presented Below