The following information is taken from the financial

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The following information is taken from the financial statement of Mark's Bike Shop:

Total Current Assets $48,000

Property, equipment $5,000

Current liabilities $12,000

Long Term Liabilities $3,000

Owner's Equity $38,000

Beginning Inventory $40,000

Ending Inventory $32,000

Cost of Goods Sold $125,000

Net Income $40,000

The inventory turnover of Mark's Bike Shop is:

A) 3.5

B)4.6

C)5

Reference no: EM13478613

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