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Consider the following information from the financial statements for Rock Inc. This Year 20,069 Last Year Accounts Receivable 20,458 Inventory 34,636 Total Current Assets 124,753
Consider the following information from the financial statements for Rock Inc. This Year 20,069 Last Year Accounts Receivable 20,458 Inventory 34,636 Total Current Assets 124,753 Total Assets 464,210 Total Current Liabilities 27,090 36,570 109,853 414,341 24,255 Total Liabilities 252,312 212,443 456,533 Sales Cost of Goods Sold Operating Expenses 134,619 101,079 Calculate this years' inventory turnover ratio. (enter 2 decimal places. e.g. enter.2968 as .30)
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