Multiple Choice
The following information is available for Park Company at December 31, 2011: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $900,000; and sales $1,200,000.Park's inventory turnover in 2011 is
A) 12 times.
B) 11.3 times.
C) 9 times.
D) 7.5 times.
Correct Answer:
Verified
Correct Answer:
Verified
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