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Business, 06.07.2021 21:10 lilpeepxliltracy
Richardson Stationary Supplies is planning on a major expansion. In order for this expansion to proceed smoothly they are reevaluating their operations policies. One area that is of concern is the inventory policies. They gathered the following pieces of data for 2017.
Sales $620,000
Beginning Inventory $101,500
Ending Inventory $98,700
Cost of Goods Sold $498,000
What was Richardson's inventory turnover for 2017?
a. 2.36.
b. 4.98.
c. 3.87.
d. 5.12.
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