The following information came from the income statement of the Wilkens Company at December

The following information came from the income statement of the Wilkens Company at December

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 The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000; beginning inventory $160,000; ending inventory $240,000; and gross profit $600,000. What is Wilkens' inventory turnover ratio for 2017?






3.0 times


 


6.0 times


 


2.5 times


 


3.75 times

 
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