Zhang Company reported cost of goods sold of $835,000, average inventory of $41,750, and net sales of $2,338,000. The inventory turnover ratio is:

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above