Multiple Choice
Lito & Sons Woodworks has a beginning inventory of $60,000 and ending inventory of $84,000 for the current period.The company had sales of $340,000 and cost of goods sold of $200,000 during the period.What was the inventory turnover?
A) 4.72 times
B) 3.66 times
C) 2.78 times
D) 1.55 times
Correct Answer:
Verified
Correct Answer:
Verified
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