The Following Information Is Available for Park Company at December

question 116

Multiple Choice

The following information is available for Park Company at December 31, 2011: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $900,000; and sales $1,200,000.Park's inventory turnover in 2011 is

• A)12 times.
• B)11.3 times.
• C)9 times.
• D)7.5 times.