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Shares Outstanding of Common Stock = 1,000,000

Question 3

Multiple Choice

Shares outstanding of common stock = 1,000,000 Shares outstanding of preferred stock = 500,000 Market price of common stock = $18. -The Inventory Turnover ratio is: A) 0.67 times B) 1.5 times C) 67% D) 1.5% Shares outstanding of common stock = 1,000,000
Shares outstanding of preferred stock = 500,000
Market price of common stock = $18.
-The Inventory Turnover ratio is:


A) 0.67 times
B) 1.5 times
C) 67%
D) 1.5%

Correct Answer:

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