Multiple Choice
For 2013, Wilver Inc. reported $24,000 beginning inventory and $26,000 ending inventory. Net sales were $160,000 and gross profit was $55,000 for the same period. Based on these figures, inventory turnover for 2013 was:
A) 9.2 times.
B) 6.4 times.
C) 3.4 times.
D) 4.2 times.
Correct Answer:
Verified
Correct Answer:
Verified
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