A beauty supply wholesaler had an average inventory of 1,500,000 and the cost of goods sold was 4,500,000 What is the inventory turnover? A B C D

To calculate the inventory turnover ratio, we need to divide the cost of goods sold by the average inventory.Given information:- Average inventory: 4,500,000Inventory turnover ratio = Cost of goods sold / Average inventoryInventory turnover ratio = 1,500,000Inventory turnover ratio = 3Therefore, the inventory turnover ratio is 3.The correct answer is C.