Based on the following data for the current year, what is the inventory turnover? Sales on account during year $700,000 Cost of merchandise sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 a.2.7 b.2.5 c.3.0 d.9.7

a. 2.7

Explanation:

Inventory turnover ratio = Cost of goods sold / Average inventory

Inventory turnover ratio = $270,000 / (($90,000 + $110,000) / 2)

Inventory turnover ratio = $270,000 / $100,000

Inventory turnover ratio = 2.7

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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