Use the following information for Davis Company to compute inventory turnover for Year 2.
A)5.86
B)5.76
C)5.67
D)11.77
E)5.89

Name: Use the following information for Davis Company to compute inventory turnover for Year 2. A)5.86 B)5.76 C)5.67 D)11.77 E)5.89
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Question

Use the following information for Davis Company to compute inventory turnover for Year 2. 
A)5.86 
B)5.76 
C)5.67 
D)11.77 
E)5.89

Quizplus · Accepted Answer

Inventory turnover ratio = Cost of goods sold / Average inventory
Cost of goods sold for Year 2 is not given in the information provided, so we cannot calculate the ratio. None of the options provided are correct.

Use the Following Information for Davis Company to Compute Inventory