Multiple Choice
Harton Company,a retailer,had cost of goods sold of $250,000 last year.The beginning inventory balance was $20,000 and the ending inventory balance was $22,000.The company's inventory turnover was closest to:
A) 5.95 times.
B) 11.36 times.
C) 11.90 times.
D) 12.50 times.
Correct Answer:
Verified
Correct Answer:
Verified
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