The following information is available for Everett Company at December 31, 2015: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $1,050,000; and sales $1,800,000. Everett's inventory turnover in 2015 is:   A) 8.7 times.   B) 10.5 times.   C) 13.2 times.   D) 18 times.

Intermediate Accounting: Reporting And Analysis
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ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
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Chapter8: Inventories: Special Valuation Issues
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The following information is available for Everett Company at December 31, 2015: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $1,050,000; and sales $1,800,000. Everett's inventory turnover in 2015 is:

 

A) 8.7 times.

 

B) 10.5 times.

 

C) 13.2 times.

 

D) 18 times.

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