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I think I'm doing the math on this wrong...I'm not coming up with any of these answers. Thank you for any help! Christa Babcock, owner
I think I'm doing the math on this wrong...I'm not coming up with any of these answers. Thank you for any help!
Christa Babcock, owner of Babcock Corporation, knows that her company's cost of goods sold is $432,687 and that her company's inventory turnover ratio is 6.8 times per year. Babcock Corporation's gross profit margin is 51.9 percent. Christa knows that inventory levels vary depending on the time of year, but she wants to know her company's average inventory level. Babcock's average inventory level is: O A. $1,527,039 B. $833,694 O C. $2,942,272 O D. $224,565 OE. $68,360
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