Multiple Choice
At the beginning of the year a company has $140 in inventory and at the end of the year the inventory on the balance sheet is $110.If the firm reports cost of goods sold on the income statement of $400,then the inventory turnover ratio would be closest to:
A) 1.60
B) 2.86
C) 3.20
D) 3.64
Correct Answer:
Verified
Correct Answer:
Verified
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