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The Following Information Is Available for Miguel Company at December

Question 196

Multiple Choice

The following information is available for Miguel Company at December 31 2016: beginning inventory $160000; ending inventory $240000; cost of goods sold $1050000; and sales $1800000. Everett's inventory turnover in 2016 is


A) 4.38 times.
B) 5.25 times.
C) 6.56 times.
D) 9 times.

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