Resale Sports had inventory of $8,000 on Jan 1, 20X3, and $12,000 on Dec 31, 20X3. Sales for 20X3 were $250,000 and the company's gross profit percentage was 35%. What was the inventory turnover for Resale Sports for 20X3?
A) 7.29 times
B) 8.75 times
C) 13.54 times
D) 16.25 times
E) 25.00 times
D
Business
You might also like to view...
Which of the following is an environmental factor that affects channel objectives and design?
A) economic conditions B) factory staffing C) organizational objectives D) interpersonal influences E) individual motives
Business
Discuss the United Kingdom's Financial Services Authority (FSA)
What will be an ideal response?
Business