Sparkys Selected Financial Statement data (amounts in thousands of dollars) Using Sparkys financial information what is the

Question:

Sparky€™s Selected Financial Statement data (amounts in thousands of dollars)

Using Sparky€™s financial information what is the company€™s inventory turnover ratio for 2012?
a. 0.69
b. 1.00
c. 3.35
d.4.03

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...