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Nico Corporation Has Cost of Goods Sold of $300,000 and Inventory

Question 38

Multiple Choice

Nico Corporation has cost of goods sold of $300,000 and inventory of $30,000, then the inventory turnover is ________ and the average age of inventory is ________.


A) 36.5; 10
B) 10; 36.5
C) 36.0; 10
D) 30; 36.0

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