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.<br /><br />Given information:<br />- Average inventory: $1,500,000<br />- Cost of goods sold: $4,500,000<br /><br />Inventory turnover ratio = Cost of goods sold / Average inventory<br />Inventory turnover ratio = $4,500,000 / $1,500,000<br />Inventory turnover ratio = 3<br /><br />Therefore, the inventory turnover ratio is 3.<br /><br />The correct answer is C.