Multiple Choice
During the current calendar year, Bowman Corporation purchased $660,000 of inventory. The beginning inventory balance was $84,000, and the inventory balance at year-end was $120,000. The inventory turnover for the current year was
A) 5.20 times
B) 5.50 times
C) 6.12 times
D) 7.86 times
Correct Answer:
Verified
Correct Answer:
Verified
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