If net sales were $52,500.00, beginning inventory at retail was $16,000.00, ending inventory at retail was $26,000.00, and cost of goods sold was $18,500.00, what was the inventory turnover ratio at retail?
select one:
a. 1.2
b. 2.5
c. 1.3
d. 2.9

Option b. 2.5

Step-by-step explanation:

Beginning inventory at retail = $16,000

Ending inventory at retail = $26,000

Cost of goods sold = $18,500

Net sales = $52,500

Inventory turnover =

                               =  

                               =

                               =

                              =

                              =

                              = 2.5

Option b. 2.5 is the answer.

they used 313 gallons of paint