Multiple Choice
A company has $72,500 of inventory at the beginning of the year and $65,500 at the end of the year.Sales revenue is $986,400,cost of goods sold is $572,700,and net income is $124,200 for the year.The inventory turnover ratio is closest to:
A) 1.8.
B) 8.3.
C) 6.0.
D) 14.3.
Correct Answer:
Verified
Correct Answer:
Verified
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