Given the Following Information, Calculate the Inventory Turns

question 17

Multiple Choice

Given the following information, calculate the inventory turns.
Sales = $200,000,000
Cost of sales = $160,000,000
Average inventory = $ 40,000,000
Carrying cost = 12%

• A) 0.20
• B) 0.25
• C) 4.0
• D) 5.0