During 2026, Pronghorn, Incorporated purchased $3850000 of inventory. The cost of goods sold for
2026 was $4050000 and the ending inventory at December 31, 2026, was $380000. What was the inventory turnover for 2026?
A. 10.7
B. 6.6
C. 7.0
D. 8.4

Question

07-06-2024
Business

Answered

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During 2026, Pronghorn, Incorporated purchased $3850000 of inventory. The cost of goods sold for
2026 was $4050000 and the ending inventory at December 31, 2026, was $380000. What was the inventory turnover for 2026?
A. 10.7
B. 6.6
C. 7.0
D. 8.4

Sagot :

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