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Corona Company's Balance Sheet Accounts Follow

question 53

Multiple Choice

Corona Company's balance sheet accounts follow:
Corona Company's balance sheet accounts follow:     What is Corona Company's inventory turnover ratio for 2011 assuming net sales and gross profit for the period were $1,236,783, $927,587 respectively? A)  10.96 B)  3.25 C)  3.00 D)  3.65 E)  4.20
What is Corona Company's inventory turnover ratio for 2011 assuming net sales and gross profit for the period were $1,236,783, $927,587 respectively?


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