Current Attempt in Progress

Sandhill Inc. reported inventory at the beginning of the year of $$320000$ and at the end of the year of $$371000.$ If net sales are $$4229200$ and the corresponding cost of sales totaled $$3126775,$ what is the inventory turnover for the year?

$8\mathrm{.}43$ times

$9\mathrm{.}05$ times

$11\mathrm{.}40$ times

$12\mathrm{.}24$ times

eTextbook and Media

Attempts: $0$ of $2$ used

On December $1,2025,$ Sheffield Corp. purchased a tract of land as a factory site for $$750000.$ The old building on the property was razed, and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds realized during December $2025$ were as follows:

$\backslash$table$[[$Cost to raze old building,$$65000$