(Answered) Question - blanchard inc provided the following for

Accounting

Question - Blanchard, Inc. provided the following for 2017:

Cost of Goods Sold (Cost of sales) $1,200,000 Beginning Merchandise Inventory 325,000 Ending Merchandise Inventory 625,000

Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.)

3.69 times per year

2.53 times per year

1.92 times per year

1.26 times per year

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