3. 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. 3.00 B. 2.75 C. 2.00 D. 3.25

To calculate the inventory turnover, we need to divide the cost of goods sold by the average inventory.<br /><br />The formula for inventory turnover is:<br /><br />\[ \text{Inventory Turnover} = \frac{\text{Cost of Goods Sold}}{\text{Average Inventory}} \]<br /><br />Given:<br />- Cost of Goods Sold (COGS) = $4,500,000<br />- Average Inventory = $1,500,000<br /><br />Now, plug these values into the formula:<br /><br />\[ \text{Inventory Turnover} = \frac{4,500,000}{1,500,000} \]<br /><br />\[ \text{Inventory Turnover} = 3.00 \]<br /><br />So, the inventory turnover is 3.00.<br /><br />Therefore, the correct answer is:<br />A. 3.00