Multiple Choice
The following information is available for Everett Company at December 31, 2015: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $1,050,000; and sales $1,800,000. Everett's inventory turnover in 2015 is
A) 8.7 times.
B) 10.5 times.
C) 13.2 times.
D) 18 times.
Correct Answer:
Verified
Correct Answer:
Verified
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