Multiple Choice
The 2010 financial statements of Hurley Company reported a beginning inventory of $130,000, an ending inventory of $140,000, and cost of goods sold of $650,000 for the year.Hurley's inventory turnover ratio for 2010 is
A) 2.9 times.
B) 3.4 times.
C) 4.8 times.
D) 4.0 times.
Correct Answer:
Verified
Correct Answer:
Verified
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