Multiple Choice
The 2011 financial statements of Vitturo Company reported beginning inventory of €973,000, ending inventory of €1,023,000, and cost of goods sold of €4,491,000 for the year.Vitturo's inventory turnover ratio for 2011 is
A) 2 times.
B) 2.3 times.
C) 2.7 times.
D) 4.5 times.
Correct Answer:
Verified
Correct Answer:
Verified
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