The inventory turnover ratio for the year was

A) 3.0 times.
B) 33.3 times.
C) 4.0 times.
D) 25.0 times.

Inventory Turnover Ratio

A measure of how quickly a company sells its inventory within a given period, calculated by dividing the cost of goods sold by the average inventory.

Credit Sales

Sales made by a business allowing the customer to pay at a later date, often tracked through accounts receivable.