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    Financial Accounting Study Set 4
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    Exam 5: Inventory
  5. Question
    Goods Available for Sale Are $40,000;beginning Inventory Is $16,000;ending Inventory
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Goods Available for Sale Are $40,000;beginning Inventory Is $16,000;ending Inventory

Question 24

Question 24

Multiple Choice

Goods available for sale are $40,000;beginning inventory is $16,000;ending inventory is $20,000;and cost of goods sold is $50,000.The inventory turnover is:


A) 2) 22.
B) 2) 78.
C) 2) 50.
D) 2) 00.

Correct Answer:

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