Multiple Choice
In 2011 Borger Inc.had beginning inventory of $106,000, purchases of $1,126,500, ending inventory of $116,000, accounts payable of $49,605, and sales of $2,147,250.Inventory turnover for 2011 was closest to:
A) 9.625
B) 10.06
C) 10.15
D) 10.53
Correct Answer:
Verified
Correct Answer:
Verified
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