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Marigold Corporation had net credit sales of $12,200,000 and cost of goods sold of $9,000,000...

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Accounting

Marigold Corporation had net credit sales of $12,200,000 and cost of goods sold of $9,000,000 for the year. The average inventory for the year amounted to $1,500,000. The inventory turnover for the year is

  • A. 6.0 times.

  • B. 8.1 times.

  • C. 2.3 times.

  • D. 1.4 times.

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