Tinker’s 2011 cost of goods sold was $750,000 and 2010 cost of goods sold was $770,000
Tinker’s 2011 cost of goods sold was $750,000 and 2010 cost of goods
sold was $770,000. The inventory at the end of 2011 was $188,000 and was $208,000 at the end of 2010. 2011 Net sales was $1,150,000 for 2011, a 5% increase over 2010. What was Tinker’s inventory turnover for 2011?
A. 3.79
B 3.99
C. 3.84
D. 5.81
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