Solution-What is the inventory turnover ratio

What is the inventory turnover ratio

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Question - Alpha Company has the following account balances information for fiscal year 2015 & 2016 (all balances are normal):

Alpha Company
December 31
Accounts	2016	2015
Merchandise Inventory	$1,200,000	$800,000
Office Supplies	25,000	20,000
Sales	3,000,000	2,500,000
Cost of goods Sold	2,000,000	1,600,000
Freight Out	15,000	10,000

What is the FY 2016 inventory turnover ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word times.

Reference no: EM132158353

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What is the inventory turnover ratio

Reference no: EM132158353

Reference no: EM132158353

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