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What is the companys inventory turnover ratio

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Reference no: EM131812966

Eagle Inc. purchased $80,000 of inventory during 2014. Eagle had the following balances on its annual balance sheets at the end of 2013 and 2014:

Dec. 31, 2013 Dec. 31, 2014
Inventory $8,200 $7,400
Accounts payable $6,100 $9,600

Eagle's sales were $174,000 during 2014. What is the company's inventory turnover ratio?

Reference no: EM131812966

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