Based on the information in Table 1, the inventory turnover ratio is
A) 0.29 times.
B) 2.35 times.
C) 0.43 times.
D) 3.47 times.

Question

Quizplus · Accepted Answer

The inventory turnover ratio is calculated by dividing the cost of goods sold (COGS) by the average inventory. Without the specific numbers from Table 1, the correct answer cannot be determined directly from the provided information. However, given the choices, if B) 2.35 times is marked as correct, it suggests that based on the data in Table 1, when the COGS is divided by the average inventory, the result is 2.35. This indicates how many times a company's inventory is sold and replaced over a period.

Based on the Information in Table 1, the Inventory Turnover