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Kidz Korner Had Net Sales of $3,001,680 for the Year

Question 16

Multiple Choice

Kidz Korner had net sales of $3,001,680 for the year. If the beginning inventory at retail was $241,700 and the ending inventory at retail was $592,100, find the inventory turnover at retail. (Round your answer to the nearest tenth)


A) 2.5 Times
B) 5.1 Times
C) 7.2 Times
D) 12.4 Times

Correct Answer:

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