Multiple Choice
For 2022, Superplus Inc.reported $48,000 beginning inventory and $52,000 ending inventory.Net sales were $320,000 and gross profit was $110,000 for the same period.Based on these figures, inventory turnover for 2022 was
A) 3.4 times.
B) 4.2 times.
C) 6.4 times.
D) 9.2 times.
Correct Answer:
Verified
Correct Answer:
Verified
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