Question

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

Answer 1

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.