Multiple Choice
Saxon Corporation's beginning inventory was $15,000. The cost of goods sold was $410,000 for the year, with an ending inventory of $23,000. Inventory turnover for the year is: (Round your answer two decimal places.)
A) 21.58 times.
B) 10.79 times.
C) 13.67 times.
D) 8.91 times.
Correct Answer:
Verified
Correct Answer:
Verified
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