Multiple Choice
The Space and Rocket Center takes an average of 55 days to sell its inventory and an average of 2.5 days to collect payment on its sales.What is the inventory turnover rate?
A) 6.64
B) 7.29
C) 8.68
D) 10.18
E) 22.00
Correct Answer:
Verified
Correct Answer:
Verified
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