Question
Abercrombie & Fitch has inventory levels of $333,153 thousand and $427,447 thousand at the end of fiscal 2008 and 2007 respectively. Cost of goods sold
Abercrombie & Fitch has inventory levels of $333,153 thousand and $427,447 thousand at the end of fiscal 2008 and 2007 respectively. Cost of goods sold for 2008 is $1,238,480 thousand. Calculate the inventory turnover ratio for 2008.
| A. | 3.25 | |
| B. | 4 | |
| C. | 4.25 | |
| D. | 3.71 |
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Canadian Edition
0470836792, 978-0470836798
