Question: Data for Flat Panel Ltd. for the year ended December 31, 2016, are as follows: Sales revenue $130,000 Cost of goods sold 90,000 Beginning inventory

Data for Flat Panel Ltd. for the year ended December 31,

Data for Flat Panel Ltd. for the year ended December 31, 2016, are as follows: Sales revenue $130,000 Cost of goods sold 90,000 Beginning inventory 35,000 Ending inventory 40,000 Inventory tumover for 2016 is: O A. 2.40 OB. 2.25 O C. 1.07 O D. 3.47

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