$$\begin{array} { | l | r | r | }
\hline & \text { Year 2 } & { \text { Year 1 } } \
\hline \text { Merchandise inventory } & 271,000 & 253,500 \
\hline \text { Cost of goods sold } & 486,400 & 433,100 \
\hline
\end{array}$$
-Refer to the following selected financial information from Graceworks Corp.Compute the company's inventory turnover for Year 2.

A) 1.79.
B) 1.71.
C) 1.85.
D) 0.93.
E) 1.75.

Question

$$\begin{array} { | l | r | r | } 
\hline & \text { Year 2 } & { \text { Year 1 } } \
\hline \text { Merchandise inventory } & 271,000 & 253,500 \
\hline \text { Cost of goods sold } & 486,400 & 433,100 \
\hline
\end{array}$$
-Refer to the following selected financial information from Graceworks Corp.Compute the company's inventory turnover for Year 2.

A) 1.79.
B) 1.71.
C) 1.85.
D) 0.93.
E) 1.75.

Quizplus · Accepted Answer

The Answer of $$\begin{array} { | l | r | r | } 
\hline & \text { Year 2 } & { \text { Year 1 } } \
\hline \text { Merchandise inventory } & 271,000 & 253,500 \
\hline \text { Cost of goods sold } & 486,400 & 433,100 \
\hline
\end{array}$$
-Refer to the following selected financial information from Graceworks Corp.Compute the company's inventory turnover for Year 2.

A) 1.79.
B) 1.71.
C) 1.85.
D) 0.93.
E) 1.75.

-Refer to the Following Selected Financial Information from Graceworks Corp