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Tim's Sporting Goods Had Net Sales of $1,210,540 for the Year

Question 43

Multiple Choice

Tim's Sporting Goods had net sales of $1,210,540 for the year. If the beginning inventory at retail was $322,800 and the ending inventory at retail was $412,600, find the inventory turnover at retail. (Round your answer to the nearest tenth)


A) 3.3 Times
B) 4.1 Times
C) 7.2 Times
D) 10.4 Times

Correct Answer:

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