Answer is 6.66 but dont know how to get there Mistook, Inc....
60.1K
Verified Solution
Link Copied!
Question
Accounting
Answer is 6.66 but dont know how to get there
Mistook, Inc. began 2025 with inventory of $6,400 and by the end of the year, its inventory account had dropped to $5,800. During the year, Mistook purchased $40,000 of inventory. All of the inventory was purchased on account, and at the end of 2025 , Mistook still owed its suppliers $4,500. What was Mistook's inventory turnover ratio for 2025? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 6.66 b 7.00 d 6.56
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!
