Answer (B) is correct . Inventory turnover equals cost of goods sold divided by average inventory. Hence, the inventory turnover is 3.88 times per year {$330 COGS ¡Â [($90 +Answer (A) is incorrect because The figure of 3.67 is based on ending inventory.
Answer (C) is incorrect because The figure of 5.33 equals sales divided by ending inventory.
Answer (D) is incorrect because The figure of 5.65 is based on sales, not cost of goods sold.
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Devlin Company’s inventory turnover for the year ended May 31, Year 2, was
