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If Beginning and Ending Inventories Are $100,000 and 150,000,respectively,and the Cost

Question 1

Multiple Choice

If beginning and ending inventories are $100,000 and 150,000,respectively,and the cost of goods sold is $450,000,what is the inventory turnover ratio?


A) 4.50
B) 3.00
C) 3.60
D) 0.28

Correct Answer:

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