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Large Company Net sales $ 379,420 Cost of sales $ 163,100 Gross profit $ 216,320 Selling, general, and administrative expenses $ 146,610 Operating income $
Large Company | |
Net sales | $ 379,420 |
Cost of sales | $ 163,100 |
Gross profit | $ 216,320 |
Selling, general, and administrative expenses | $ 146,610 |
Operating income | $ 69,720 |
Net income | $ 41,610 |
Cash and cash equivalents | $ 50,480 |
Net receivables | $ 17,400 |
Inventories | $ 223,430 |
Total current assets | $ 315,160 |
Property and equipment | $ 81,880 |
Other assets | $ 66,040 |
Total assets | $ 463,090 |
Accounts payable | $ 29,540 |
Stockholder equity | $ 261,130 |
What is the value of Inventory Turnover(INVT)? (Choose the closest)
2.53
0.73
1.18
9.76
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