Multiple Choice
Given opening storeroom inventory of $8,000., opening bar inventory of $2,000., closing storeroom inventory of $7,000., closing bar inventory of $3,000., purchases of $20,000, and sales of $80,000, inventory turnover is:
A) 8.0
B) 4.0
C) 2.0.
Correct Answer:
Verified
Correct Answer:
Verified
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