Anderson Farms, Inc. provided the following for 2018: Cost of Goods Sold (Cost of sales)...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Anderson Farms, Inc. provided the following for 2018: Cost of Goods Sold (Cost of sales) $1,300,000 Beginning Merchandise Inventory 300,000 Ending Merchandise Inventory 350,000 Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.) O A. 3.71 times per year OB. 4 times per year C. 4.33 times per year OD. 2 times per year
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
