Use the following information for Davis Company to compute inventory turnover for Year 2.
$$\begin{array} { | l | r | r | }
\hline & \text { Year 2 } & \text { Year 1 } \
\hline \text { Cost of goods sold } & 279,500 & 291,800 \
\hline \text { Ending inventory } & 47,700 & 49,350 \
\hline
\end{array}$$
A) 5.86
B) 5.76
C) 5.67
D) 11.77
E) 5.89

Question

Use the following information for Davis Company to compute inventory turnover for Year 2.
$$\begin{array} { | l | r | r | } 
\hline & \text { Year 2 } & \text { Year 1 } \
\hline \text { Cost of goods sold } & 279,500 & 291,800 \
\hline \text { Ending inventory } & 47,700 & 49,350 \
\hline
\end{array}$$
A) 5.86
B) 5.76
C) 5.67
D) 11.77
E) 5.89

Quizplus · Accepted Answer

The Answer of Use the following information for Davis Company to compute inventory turnover for Year 2.
$$\begin{array} { | l | r | r | } 
\hline & \text { Year 2 } & \text { Year 1 } \
\hline \text { Cost of goods sold } & 279,500 & 291,800 \
\hline \text { Ending inventory } & 47,700 & 49,350 \
\hline
\end{array}$$
A) 5.86
B) 5.76
C) 5.67
D) 11.77
E) 5.89

Use the Following Information for Davis Company to Compute Inventory