Sunrise Supplies has the following inventory details: Goods available for sale = $150,000 Beginning inventory = $45,000 Ending inventory = $50,000 Cost of goods sold (COGS) = $100,000 What is the inventory turnover? A. 1.85 B. 2.11 C. 2.00 D. 2.50

Sunrise Supplies has the following inventory details: Goods available for sale = $150,000 Beginning inventory = $45,000 Ending inventory = $50,000 Cost of goods sold (COGS) = $100,000 What is the inventory turnover? A. 1.85 B. 2.11 C. 2.00 D. 2.50

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 4CE: Kulsrud Company would like to estimate the current inventory level. Using the gross profit method...

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What is the inventory turnover on these financial accounting question?

Sunrise Supplies has the following inventory details:
Goods available for sale = $150,000
Beginning inventory = $45,000
Ending inventory = $50,000
Cost of goods sold (COGS) = $100,000
What is the inventory turnover?
A. 1.85
B. 2.11
C. 2.00
D. 2.50

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