For the year ended December 31, 2014 Depot Max 's cost of merchandise sold was $56,900 Inventory at the beginning of the year was $6,540 Ending inventory was $7,250 Compute Depot Max 's inventory turnover for the year A 8 7 B 7 8 C 8 3 D 44 ...

The correct option is Option C 83 Explanation All the amounts are in F ...

For the year ended December 31, 2014 Depot Max's cost of merchandise sold was $56,900. Inventory at

Question:

For the year ended December 31, 2014 Depot Max's cost of merchandise sold was $56,900. Inventory at the beginning of the year was $6,540. was $7,250. Compute Depot Max's inventory turnover for the year.
A. 8.7
B. 7.8
C. 8.3
D. 44
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...