Multiple Choice
The following information was available for Bowyer Company at December 31, 2014: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $880,000; and sales $1,200,000. Bowyer's inventory turnover in 2014 was
A) 15.0 times.
B) 11.0 times.
C) 12.6 times.
D) 9.8 times.
Correct Answer:
Verified
Correct Answer:
Verified
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