Multiple Choice
The following information was available for Camara Company at December 31, 2017: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $630,000; and sales $900,000. Camara's inventory turnover in 2017 was
A) 9.0 times.
B) 7.9 times.
C) 6.3 times.
D) 5.3 times.
Correct Answer:
Verified
Correct Answer:
Verified
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