Question

P palace provided the following information: Ending inventory, previous period Ending inventory, current period Sales, previous period Sales, current period $95,500 $105,500 $450,550 $540,450 Determine the inventory turnover for current period, assuming that gross profit for current year is $195,405. Answer Choices: a. 3.43 times b. 2.99 times c. 3.27 times d. 3.61 times​

Answer 1

Answer:

3.43 times

Explanation:

I hope it helps you

Answer 2

Answer:

Hi hope this helps you have a great day ahead

Explanation:

3.43 times