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A company's cost of goods sold in the year of sale (2019) was $950,000 and 2018 cost of goods sold was $970,000. The inventory at
A company's cost of goods sold in the year of sale (2019) was $950,000 and 2018 cost of goods sold was $970,000. The inventory at the end of 2019 was $208,000 and at the end of 2018 the inventory was $228,000. The company's inventory turnover during 2019 was closest to:
Multiple choice:
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4.25
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4.36
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4.57
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4.45
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