Use the Following Information for Davis Company to Compute Inventory

question 202

Multiple Choice

Use the following information for Davis Company to compute inventory turnover for Year 2. $$\begin{array} { | l | r | r | } \hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Cost of goods sold } & 279,500 & 291.800 \\\hline \text { Ending inventory } & 47.700 & 49.350 \\\hline\end{array}$$

• A) 5.89
• B) 5.86
• C) 5.76
• D) 11.77
• E) 5.67

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Definitions:

Supplier

An individual or company that provides goods or services to another company, often a crucial part of a supply chain.

Supplier Network

A system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.

Supply Chain Customer Service

Support and services provided to the end-user focusing on efficient and effective supply chain management.

Logistics Cost

Expenses related to the process of planning, implementing, and controlling the efficient movement and storage of goods, services, and related information.