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Roger Williams Univerity Operations And Supply Chain Management Assignment Help - Financial Statement

Question - The following information is taken from the financial statement of Mark's Bike Shop:
Total Current Assets $48,000
Property, equipment $5,000
Current liabilities $12,000
Long Term Liabilities $3,000
Owner's Equity $38,000
Beginning Inventory $40,000
Ending Inventory $32,000
Cost of Goods Sold $125,000
Net Income $40,000

The inventory turnover of Mark's Bike Shop is:
A) 3.5

*Please give steps to your answer.

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