Multiple Choice
The following information was available for Bowyer Company at December 31, 2022: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $800,000; and sales $1,100,000.Bowyer's inventory turnover in 2022 was
A) 13.8 times.
B) 10.0 times.
C) 11.4 times.
D) 8.9 times.
Correct Answer:
Verified
Correct Answer:
Verified
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