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With Net Sales of $40,000, Beginning Inventory at Retail of $14,000

Question 74

Multiple Choice

With net sales of $40,000, beginning inventory at retail of $14,000, ending inventory at retail of $20,000, and cost of goods sold of $19,500, the inventory turnover at retail is (to the nearest hundredth) :


A) 5.15
B) 3.25
C) 2.35
D) 5.23
E) None of these

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