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A company reported the following in its 2024 financial statements:
2024 Sales $ 439,000 Cost of goods sold: Inventory, January 1 78,000 Net purchases 326,000 Goods available for sale 404,000 Inventory, December 31 95,000 Cost of goods sold 309,000 Gross profit $ 130,000 A company's 2024 inventory turnover ratio is: (Round your answer to two decimal places.)
Multiple Choice
4.62.
3.25.
3.57.
5.08.

Sagot :

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