14.1k views
3 votes
If Barry Bees, Inc.'s days to sell equals 73 days based on a 365-day year, then its inventory turnover ratio equals ______ times.

1 Answer

3 votes

Final answer:

The inventory turnover ratio for Barry Bees, Inc. equals 5 times.

Step-by-step explanation:

The inventory turnover ratio can be calculated by dividing the number of days in a year by the days to sell. In this case, Barry Bees, Inc.'s days to sell is 73 days based on a 365-day year. Therefore, the inventory turnover ratio would be 365 divided by 73, which equals 5.

User Bernard Polman
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.