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What the inventory turnover ratio for year

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Reference no: EM133057005

Question - The year-end financial statements of City Health Corporation reported the following information (in millions):

YEAR 2

Net sales $177,526

Cost of sales 148,669

Inventories, net 14,760

YEAR 1

Net sales $153,290

Cost of sales 126.762

Inventories, net14,001

Required - What the inventory turnover ratio for Year 2?

a. None of these are correct.

b. 10.07

C. 10.34

d. 9.58

e. 12.34

Reference no: EM133057005

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