Business, 15.04.2020 03:43, kierraivey

The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000; beginning inventory $160,000; ending inventory $240,000; and gross profit $600,000. What is Wilkens' inventory turnover ratio for 2017?
a- 3.0 times
b- 2.5 times
c- 3.75 times
d- 6.0 times

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The following information came from the income statement of the Wilkens Company at December 31, 2017...