Multiple Choice
Sheffield Company has $145,000 of inventory at the beginning of the year and $131,000 at the end of the year.Sales revenue is $1,972,800,cost of goods sold is $1,145,400,and net income is $248,400 for the year.The inventory turnover ratio is:
A) 1.8.
B) 8.3.
C) 6.0.
D) 14.3.
Correct Answer:
Verified
Correct Answer:
Verified
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