The 2016 financial statements of cvs health corporation reported the following information (in millions): 2016 2015 net sales $177,526 $153,290 cost of sales 148,669 126,762 inventories, net 14,760 14,001 the inventory turnover ratio for 2016 is: select one: a. 9.22 b. 11.48 c. 9.33 d. 10.34 e. none of the above

option (D) 10.34

Explanation:

The  inventory turnover ratio for 2016 will be given as:

= [Cost of goods sold ] ÷ Average inventory

also,

Cost of goods sold in 2016 = $148,669

Average inventory = [ 2015 inventory + 2016 inventory ] ÷ 2

= [ 14,001 + 14,760 ] ÷ 2

= 28761 ÷ 2

= 14,380.5

Therefore,

The  inventory turnover ratio for 2016 = $148,669 ÷ 14,380.5

= 10.34

Hence,

The answer is option (D) 10.34

answer about 4-5 percent of the labor force is unemployed;

options ?

explanation: