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A Company's Net Sales Revenue Is $20,000,000

Question 114

Multiple Choice

A company's net sales revenue is $20,000,000.Its cost of goods sold is $15,000,000.Its beginning inventory is $100,000,and its ending inventory is $200,000.Which of the following is its rate of inventory turnover?


A) 01
B) 0.1
C) 10
D) 100

Correct Answer:

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