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The Following Selected Information Is from Acme's Annual Report for the Years

Question 265

Multiple Choice

The following selected information is from Acme's annual report for the years ended December 31:
The following selected information is from Acme's annual report for the years ended December 31: -Refer to the Acme annual report above.Calculate the inventory turnover ratio for 2011. A) 3.75 times B) 6.0 times C) 7.3 times D) The answer cannot be determined from the information given.
-Refer to the Acme annual report above.Calculate the inventory turnover ratio for 2011.


A) 3.75 times
B) 6.0 times
C) 7.3 times
D) The answer cannot be determined from the information given.

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