Question
The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000; beginning inventory $160,000; ending inventory $240,000;
The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000; beginning inventory $160,000; ending inventory $240,000; and gross profit $600,000. What is Wilkens' inventory turnover ratio for 2017?
| a- | 3.0 times |
| b- | 2.5 times |
| c- | 3.75 times |
|
| d- 6.0 times |
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Latest Certified Quality Auditor Certification Actual Questions
Authors: Pass For Life
1st Edition
108127705X, 978-1081277055
