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Kent Inc Provided the Following Data for 2016 and 2017

Question 28

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Kent Inc. provided the following data for 2016 and 2017:
Kent Inc. provided the following data for 2016 and 2017: What are the inventory turnover ratio and the gross margin return on inventory investment for 2017? A) Inventory turnover ratio = 3.00 times and the Gross margin return on inventory investment = 2% B) Inventory turnover ratio = 2.00 times and the Gross margin return on inventory investment = 300% C) Inventory turnover ratio = 3.09 times and the Gross margin return on inventory investment = 20% D) Inventory turnover ratio = 3.00 times and the Gross margin return on inventory investment = 200% What are the inventory turnover ratio and the gross margin return on inventory investment for 2017?


A) Inventory turnover ratio = 3.00 times and the Gross margin return on inventory investment = 2%
B) Inventory turnover ratio = 2.00 times and the Gross margin return on inventory investment = 300%
C) Inventory turnover ratio = 3.09 times and the Gross margin return on inventory investment = 20%
D) Inventory turnover ratio = 3.00 times and the Gross margin return on inventory investment = 200%

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