Question
The cost of goods sold of Beata Company is $740,000 during the year. The beginning and ending balances of inventory of Beata Company are as
The cost of goods sold of Beata Company is $740,000 during the year. The beginning and ending balances of inventory of Beata Company are as follows:
| January 1 | December 31 | |
| Inventories | $110,000 | $240,000 |
Calculate the inventory turnover ratio of Beata Company. (Round your answer to two decimal places.)
a.6.05 times
b.3.75 times
c.2.10 times
d.4.23 times
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv
9th Edition
130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309
