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Nicholas owns Glamour Geeks, a fashion and photography salon for engineer and computer scientist geeks who want to update their image. Last year, the
Nicholas owns Glamour Geeks, a fashion and photography salon for engineer and computer scientist geeks who want to update their image. Last year, the Geeks had a balance sheet inventory of $25,000. Its net sales for last year were $85,000, its cost of goods sold was $38,000, and its net profit was $9,000. Calculate the Geeks' inventory turnover. 1.52 2.00 2.30 3.20 None of the above
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