On january 1 20x2 the barnum companyrsquos beginning, Ask an Expert

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On January 1, 20X2, the Barnum Company’s beginning inventory was $800,000. During 20X2, Cost of Goods Sold was $1,875,000. On December 31, 20X2, Barnum’s ending inventory was $700,000. What is the inventory turnover for 20X2?

Select one:

a. 1.33

b. 2.50

c. 2.67

d. 2.86

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Financial Management, Finance

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