Multiple Choice
Savory Thymes, Inc. had net credit sales of $9,000,000 and cost of goods sold of $5,250,000 for the year. The average inventory for the year amounted to $1,250,000. The inventory turnover for the year is
A) 7.2 times.
B) 5.6 times.
C) 5.2 times.
D) 4.2 times.
Correct Answer:
Verified
Correct Answer:
Verified
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