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Goods Available for Sale Are $330,000; Beginning Inventory Is $20,000;

Question 12

Multiple Choice

Goods available for sale are $330,000; beginning inventory is $20,000; ending inventory is $35,000; and cost of goods sold is $245,000. The inventory turnover is: (Round your final answer two decimal places, X.XX.)


A) 12.25.
B) 7.00.
C) 12.00.
D) 8.91.

Correct Answer:

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