The 2017 Financial Statements of Barclay Ltd

question 123

Multiple Choice

The 2017 financial statements of Barclay Ltd.reported beginning inventory of $130,000, ending inventory of $140,000, and cost of goods sold of $650,000 for the year.To one decimal, Barclay's inventory turnover ratio for 2017 is

• A)2.9 times.
• B)3.4 times.
• C)4.0 times.
• D)4.8 times.

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