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Question 11. 11. Sparky's Sparky's sells auto parts. Provided below is selected financial information from the company's 2012 annual report: Sparky's Selected Financial Statement data

Question 11.11. Sparky's Sparky's sells auto parts. Provided below is selected financial information from the company's 2012 annual report: Sparky's Selected Financial Statement data Fiscal year end 2012 2011 (amounts in thousands of dollars) Net sales $125,410 $106,380 Cost of Goods Sold -104,090 -89,359 Gross Profit $21,320 $17,021 Inventory $31,353 $30,850 Using Sparky's financial information what is the company's inventory turnover ratio for 2012? (Points : 2)

0.69 1.00 3.35 4.03

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