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Guttery Corporation Has Provided the Following Financial Data from Its

Question 108

Multiple Choice

Guttery Corporation has provided the following financial data from its balance sheet:
Guttery Corporation has provided the following financial data from its balance sheet: Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. -The company's inventory turnover for Year 2 is closest to: A) 5.17 B) 5.56 C) 6.00 D) 0.86 Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.
-The company's inventory turnover for Year 2 is closest to:


A) 5.17
B) 5.56
C) 6.00
D) 0.86

Correct Answer:

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