Author Question: Classic Vehicles had a beginning inventory of 156,700 and an ending inventory of 98,500. If the cost ... (Read 92 times)

AEWBW · **on:** Jun 24, 2018

Classic Vehicles had a beginning inventory of 156,700 and an ending inventory of 98,500. If the cost of goods sold was 152,100, calculate the inventory turnover. (Round to the nearest tenth)
A) 1.3 times
B) 1.1 times
C) 1.2 times
D) 1.7 times

Question 2

What is the portion if the base is 18,236 and the rate is 22.45?