Use the Following Information for Questions

question 9

Multiple Choice

Use the following information for questions.
The following data are provided:

Additional information:
Depreciation included in cost of goods sold and operating expenses is $305,000.On May 1, 2011, 15,000 ordinary shares were issued.The preference share are cumulative.The preference dividends were not declared during 2011.
-The inventory turnover for 2011 is

• A)3,200 ÷ 650.
• B)2,100 ÷ 650.
• C)3,200 ÷ 600.
• D)2,100 ÷ 600.