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Oliver Company sells $689,300 of goods during the year that have a cost of $508,600. Inventory was $30,883 at the beginning of the year and
Oliver Company sells $689,300 of goods during the year that have a cost of $508,600. Inventory was $30,883 at the beginning of the year and $35,138 at the end of the year. What is the inventory turnover ratio? (Round your final answer to 1 decimal place.) Multiple Choice 20.9 times 15.4 times O 5.5 times 5 times 16.5 times O 16.5 times
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