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Wayne's Wax World Has an Inventory Turnover of 16 Times

Question 52

Multiple Choice

Wayne's Wax World has an inventory turnover of 16 times per year and a cost of goods sold of $1,600.Calculate the average inventory turnover.

A) 22.81
B) 1,000
C) 4.38
D) 13.92
E) 14.25

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