Answer:
<h2>2</h2>
Explanation:
The inventory turnover ratio is defined as the ratio of the cost of goods sold to the average inventory.
Average Inventory = annual net sales - annual cost of goods sold
Average Inventory = $303,000,000 - $202,000,000
Average Inventory = $101,000,000
Given cost of goods sold = $202,000,000
Inventory turnover ratio = cost of good sold/average inventory
Inventory turnover ratio = $202,000,000/$101,000,000
Inventory turnover ratio = 202/101
Inventory turnover ratio = 2
<em>Hence the inventory turnover ratio for PDQ Corporation is 2</em>
