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Consider the following information from the financial statements for Rock Inc. This Year 24,691 38,957 Last Year Accounts Receivable 22,665 Inventory 32,734 Total Current Assets
Consider the following information from the financial statements for Rock Inc. This Year 24,691 38,957 Last Year Accounts Receivable 22,665 Inventory 32,734 Total Current Assets 190,096 Total Assets 489,143 Total Current Liabilities 28,951 Total Liabilities 220,599 111,260 466,803 29,086 260,034 Sales 430,899 Cost of Goods Sold Operating Expenses 111,179 103,957 Calculate this years' inventory turnover ratio. (enter 2 decimal places. e.g. enter.2968 as 30)
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