Question
Roberts Department Store had net credit sales of $9,000,000 and cost of goods sold of $6,000,000 for the year. The average inventory for the year
Roberts Department Store had net credit sales of $9,000,000 and cost of goods sold of $6,000,000 for the year. The average inventory for the year amounted to $2,500,000. The inventory turnover ratio for the year is
| A. | 3.6 times. |
| B. | 3.2 times. . |
| C. | 3.0 times. |
| D. | 2.4 times. |
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
