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Large Company Net sales $ 188,800 Cost of sales $ 90,360 Gross profit $ 98,440 Selling, general, and administrative expenses $ 91,630 Operating income $
Large Company | |
Net sales | $ 188,800 |
Cost of sales | $ 90,360 |
Gross profit | $ 98,440 |
Selling, general, and administrative expenses | $ 91,630 |
Operating income | $ 3,510 |
Net income | $ 1,000 |
Cash and cash equivalents | $ 1,710 |
Net receivables | $ - |
Inventories | $ 76,750 |
Total current assets | $ 83,720 |
Property and equipment | $ 10,890 |
Other assets | $ 24,120 |
Total assets | $ 118,730 |
Accounts payable | $ 22,060 |
Stockholder equity | $ 18,530 |
What is the value of Inventory Turnover(INVT)? (Choose the closest)
1.18
2.53
9.76
0.73
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