单选题 During 2007, Brownfield Incorporated purchased $140 million of inventory. For the year just ended, Brownfield reported cost of goods sold of $130 million. Inventory at year-end was $45 million. Calculate inventory turnover for the year.

A、

A. 2.89.
B、

B. 3.25.
C、

C. 3.50.

【正确答案】 B

【答案解析】First, calculate beginning inventory given COGS, purchases, and ending inventory. Beginning inventory was $ 35 million [$130 million COGS+$ 45 million ending inventory-$140 million purchases]. Next, calculate average inventory of $ 40 million [($ 35 million beginning inventory+$ 45 million ending inventory)/2]. Finally, calculate inventory turnover of 3.25 [$130 million COGS/$ 40 million average inventory].