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The Universal Network Has Sales of $496,500,cost of Goods Sold

Question 116

Multiple Choice

The Universal Network has sales of $496,500,cost of goods sold of $264,900,and inventory of $87,100.What is the inventory turnover rate?

A) 1.33
B) 3.04
C) 5.70
D) 7.14
E) 8.47

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