Multiple Choice
Tinker's cost of goods sold in the year of sale (2014) was $750,000 and 2013 cost of goods sold was $770,000. The inventory at the end of 2014 was $188,000 and $208,000 at the end of 2013. Tinker's inventory turnover during 2014 was closest to:
A) 3.79
B) 3.99
C) 3.84
D) 3.89
Correct Answer:
Verified
Correct Answer:
Verified
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