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The 2020 Financial Statements of Barclay Ltd

Question 15

Multiple Choice

The 2020 financial statements of Barclay Ltd. reported beginning inventory of $130,000, ending inventory of $140,000, and cost of goods sold of $650,000 for the year. To one decimal, Barclay's inventory turnover ratio for 2020 is


A) 2.9 times.
B) 3.4 times.
C) 4.0 times.
D) 4.8 times.

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