Zebra Ltd's Cost of Sales for the Year Is $2,400,000

question 112

Multiple Choice

Zebra Ltd's cost of sales for the year is $2,400,000 and average inventory for the year is $136,000.Calculate the inventory turnover ratio of the company.

• A)94.33 times
• B)17.65 times
• C)8.82 times
• D)5.67 times

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