Multiple Choice
Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9,250,000 for the year. The average inventory for the year amounted to $1,250,000. The inventory turnover for the year is
A) 7.4 times.
B) 10.4 times.
C) 3.0 times.
D) 1.4 times.
Correct Answer:
Verified
Correct Answer:
Verified
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