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Goods Available for Sale Are $26,000; Beginning Inventory Is $15,000;

Question 66

Multiple Choice

Goods available for sale are $26,000; beginning inventory is $15,000; ending inventory is $17,000; and cost of goods sold is $42,000. The inventory turnover is: (Round your final answer two decimal places, X.XX)


A) 2.80.
B) 2.47.
C) 2.63.
D) 1.63.

Correct Answer:

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