) S & C, Inc. has goods available for sale in the amount of $320,000; beginning inventory is $26,000; ending inventory is $34,000; and cost of goods sold is $255,000. Approximately how many times per year is S & C's inventory sold? (Round your final answer two decimal places, X.XX.)
A) 9.81
B) 7.50
C) 10.67
D) 8.50
D) 8.50
Explanation: cogs/average inventory. Ex: $255,000/[($26,000 + $34,000)/2] = 8.50
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