Question

Galactic Comics values their inventory throughout each month. In June, their average inventory was $12, 369. If Galactic Comics' total inventory was $61, 845, how many times did the store value its inventory throughout the month?

A. 4 times
B. 5 times
C. 3 times
D. 2 times

Answer 1

The correct answer is: B. 5 times

Explanation:

To find out how many times Galactic Comics valued its inventory throughout the month, we can divide the total inventory value by the average inventory value for June:

Number of times = Total inventory value / Average inventory value

Number of times = $61,845 / $12,369

Number of times ≈ 5

So, Galactic Comics valued its inventory approximately 5 times throughout the month.