During the past six months, Ben sold goods that cost $43,500, his

expenses totaled $3,500 and his freight in totaled $1,750. His company's

average stock of goods during the same period was $12,400.

The inventory turnover ratio for Ben's company is

a.) 3.08

b.) 3.93

O c.) 3.51

d.) 3.37

Question

Business

Boo Boo

21 September, 09:48

During the past six months, Ben sold goods that cost $43,500, his

expenses totaled $3,500 and his freight in totaled $1,750. His company's

average stock of goods during the same period was $12,400.

The inventory turnover ratio for Ben's company is

a.) 3.08

b.) 3.93

O c.) 3.51

d.) 3.37

+4

Answers (1)

Know the Answer?

Karissa Hood · Answer 1

for this problem the answer would be A. 3.08

Explanation:

Add the expenses and freight (3,500+1,750)

Subtract that from 43,500 (43,500-5250 which equals 38,250). Divide 38,250 by 12,400.

38,250:12,400=3.08

During the past six months, Ben sold goods that cost $43,500, hisexpenses totaled $3,500 and his freight in totaled $1,750. His company'saverage stock of goods during the same period was $12,400.The inventory turnover ratio for Ben's company isa.) 3.08b.) 3.93O c.) 3.51d.) 3.37

During the past six months, Ben sold goods that cost $43,500, his

expenses totaled $3,500 and his freight in totaled $1,750. His company's

average stock of goods during the same period was $12,400.

The inventory turnover ratio for Ben's company is

a.) 3.08

b.) 3.93

O c.) 3.51

d.) 3.37