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Assume Staley's Had Net Sales of $72,000 Per Day, Beginning

Question 31

Multiple Choice

Assume Staley's had net sales of $72,000 per day, beginning inventory of $22,000, and ending inventory at retail of $18,900. What was the inventory turnover at retail?


A) 3.57
B) 3.5
C) 5.5
D) 3.0
E) None of these

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