0.69 1.00 3.35 4.03 Question 11. 11. Sparky\'s Sparky\'s sells auto parts. Provi

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       0.69
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Question 11.11. Sparky's

Sparky's sells auto parts. Provided below is selected financial information from the company's 2012 annual report:

Sparky's Selected Financial Statement data
Fiscal year end                                         2012                   2011
(amounts in thousands of dollars)
Net sales                                                $125,410             $106,380
Cost of Goods Sold                                 -104,090               -89,359
Gross Profit                                         $21,320               $17,021
Inventory                                                 $31,353             $30,850

Using Sparky's financial information what is the company's inventory turnover ratio for 2012? (Points : 2)

Explanation / Answer

0.69

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