​Elephant, Inc.'s cost of goods sold for the year is $ 2 comma 400 comma 000$2,400,000​, and the average merchandise inventory for the year is $ 129 comma 000$129,000. Calculate the inventory turnover ratio of the company.​ (Round your answer to two decimal​ places.)   A. 9.39.3 times   B. 18.618.6 times   C. 5.385.38 times   D. 9.469.46 times

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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​Elephant, Inc.'s cost of goods sold for the year is

$ 2 comma 400 comma 000$2,400,000​,

and the average merchandise inventory for the year is

$ 129 comma 000$129,000.

Calculate the inventory turnover ratio of the company.​ (Round your answer to two decimal​ places.)

 
A.
9.39.3
times
 
B.
18.618.6
times
 
C.
5.385.38
times
 
D.
9.469.46
times
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