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TB MC Qu . 1 3 - 7 3 ( Static ) Cromwell Company began the year with... Cromwell Company began the year with a

TB MC Qu.13-73(Static) Cromwell Company began the year with...
Cromwell Company began the year with a balance in inventory of $110,000 and ended the year with a balance of $102,000. The net sales for the year were $983,000 with a gross profit on sales of $295,000. The inventory turnover ratio is closest to:
Multiple Choice
2.78
9.27
6.49
2.89

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