Question: Selected year-end data for the Brayer Company are presented below: Current liabilities----$600,000 Acid-test ratio--------2.5 Current ratio----------3.0 Cost of goods sold--$500,000 The company has no prepaid

Selected year-end data for the Brayer Company are presented below: Current liabilities----$600,000 Acid-test ratio--------2.5 Current ratio----------3.0 Cost of goods sold--$500,000 The company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, the company's inventory turnover ratio for the year was closest to: A. 1.20 B. 2.40 C. 1.67 D. 2.33

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