Multiple Choice
The following information was available for Pete Company at December 31, 2015: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $984,000; and sales $1,350,000. Pete's inventory turnover in 2015 was
A) 10.9 times.
B) 12.3 times.
C) 14.1 times.
D) 16.9 times.
Correct Answer:
Verified
Correct Answer:
Verified
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