Tin Company and Aluminum Company reported the following information in their financial statements, prior to...
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Accounting
Tin Company and Aluminum Company reported the following information in their financial statements, prior to their merger:
|
|
|
| Tin Company |
| Aluminum Company |
| $ millions | Sales | COGS | Inventories |
| Sales | COGS | Inventories |
| 2019 | $42,750 | $40,775 | $10,005 |
| $66,420 | $56,175 | $25,350 |
| 2018 | 41,250 | 29,960 | 12,660 |
| 69,150 | 42,700 | 26,950 |
To the closest hundredth, how much is the 2019 inventory turnover for Tin Company?
Select one:
A. 1.50
B. 3.38
C. 3.60
D. 2.82
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