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For the Year Ended 2011, Equine Supplies Had Cost of Goods

Question 60

Multiple Choice

For the year ended 2011, Equine Supplies had cost of goods sold of $280,000 and gross margin of $400,000. Inventory levels were as follows: $40,000 at December 31, 2010 and $44,000 at December 31, 2011. ROI in inventory is:


A) 58%
B) 161%
C) 667%
D) 952%

Correct Answer:

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