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Putter Corporation had beginning inventory of $22,000 and ending inventory of $28,000. Its net sales were $200,000 and net purchases were $92,000. Cost of goods
Putter Corporation had beginning inventory of $22,000 and ending inventory of $28,000. Its net sales were $200,000 and net purchases were $92,000. Cost of goods sold for the period was $86,000. What is Putter's rate of inventory turnover? (Round your answer to one decimal place.) O A. 3.1 times O B. 3.9 times OC. 3.4 times OD. 4.6 times
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