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Calculate the inventory turnover ratio of beata company

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Reference no: EM133168483

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 follows:

January 1

December 31

Inventories

$110,000

$240,000

Required - Calculate the inventory turnover ratio of Beata Company.

a. 6.05 times

b. 3.75 times

c. 2.10 times

d. 4.23 times

Reference no: EM133168483

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