Beginning-ending merchandise inventories problem
Amanda's has a cost of goods sold of $1,900,000. The beginning and ending merchandise inventories are $133,000 and $125,000, respectively. Amanda's merchandise inventory turnover ratio is:
A. 65.5 times.
B. 33.8 times.
C. 14.7 times.
D. 29.4 times.
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With a beginning accounts receivable balance of $80,000; an ending accounts receivable balance of $120,000; and net credit sales of $900,000, the accounts receivable turnover is:
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