Multiple Choice
Caruso, Inc.has an inventory turnover rate of 8 times.If its cost of goods sold is $150,000, then
A) The company will report sales of $1,200,000.
B) The gross margin will be $1,200,000.
C) The company's average inventory is $18,750.
D) It sells its inventory 1,200 times per year.
Correct Answer:
Verified
Correct Answer:
Verified
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