The following information was available for Concord Corporation at December 31, 2017: beginning

The following information was available for Concord Corporation at December 31, 2017: beginning

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The following information was available for Concord Corporation at December 31, 2017: beginning inventory $95000; ending inventory $128000; cost of goods sold $620000; and sales $936000. Concord inventory turnover ratio (rounded) in 2017 was


6.5 times.
 


8.4 times.
 


5.6 times.
 


4.8 times.
 
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