The following information came from the income statement of the Cheyenne Company at December 31, 2025: sales revenue $2508000; beginning inventory $182400; ending inventory $273600; and gross profit $684000. What is Cheyenne' inventory turnover for 2025? O 3.00 times O 2.50 times 3.75 times O 8.00 times

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information came from the income statement of the Cheyenne Company at December 31, 2025: sales revenue
$2508000; beginning inventory $182400; ending inventory $273600; and gross profit $684000. What is Cheyenne' inventory
turnover for 2025?
O 3.00 times
O 2.50 times
O 3.75 times
O 8.00 times
Transcribed Image Text:The following information came from the income statement of the Cheyenne Company at December 31, 2025: sales revenue $2508000; beginning inventory $182400; ending inventory $273600; and gross profit $684000. What is Cheyenne' inventory turnover for 2025? O 3.00 times O 2.50 times O 3.75 times O 8.00 times
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