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Calculate the company inventory turnover ratio for the year

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Reference no: EM132833888

Question - Anderson Farms, Inc. provided the following for 2018:

Cost of Goods Sold (Cost of sales) $1,300,000

Beginning Merchandise Inventory 340,000

Ending Merchandise Inventory 630,000

Required - Calculate the company inventory turnover ratio for the year?

A. 2.68 times per year

B. 3.82 times per year

C. 2.06 times per year

D. 1.34 times per year

Reference no: EM132833888

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