Better-than-Best-Buy, an electronics retailer, reported the following financial data at the fiscal year's end: Sales = $45,834,677
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Question:
Better-than-Best-Buy, an electronics retailer, reported the following financial data at the fiscal year's end:
Sales = $45,834,677
Cost of Goods Sold = $35,876,509
Average Inventory = $43,540,653
What was the inventory turns for this electronics retailer for this fiscal year?
Choose the answer closest to the correct answer.
Select one: a. 0.59 b. 0.78 c. 0.82 d. 1.10 e. 11.0
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