Multiple Choice
Parlato Corp. has an inventory turnover rate of 8 times. If its cost of goods sold is $150,000, then the company
A) will report sales of $1,200,000.
B) will report gross margin of $1,200,000.
C) will have average inventory of $18,750.
D) sells its inventory 1,200 times per year.
Correct Answer:
Verified
Correct Answer:
Verified
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