Multiple Choice
A company's net sales revenue is $20 000 000. Its cost of sales is $15 000 000. Its beginning inventory is $100 000, and its ending inventory is $200 000. Which of the following is its rate of inventory turnover?
A) 0.1
B) 100
C) 10
D) 01
Correct Answer:
Verified
Correct Answer:
Verified
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