Multiple Choice
The 2010 financial statements of Sito Company reported a beginning inventory of $80,000, an ending inventory of $120,000, and cost of goods sold of $600,000 for the year.Sito's inventory turnover ratio for 2010 is
A) 7.5 times.
B) 6.0 times.
C) 5.0 times.
D) 4.3 times.
Correct Answer:
Verified
Correct Answer:
Verified
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