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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
Blanchard, Inc. provided the following for 2017:

Cost of Goods Sold (Cost of sales)   $1,300,000
Beginning Merchandise Inventory   330,000
Ending Merchandise Inventory   350,000

Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.)
A) 3.71 times per year
B) 3.82 times per year
C) 3.94 times per year
D) 1.91 times per year
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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8 years ago
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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