Multiple Choice
Gaffney & Sons Woodworks has a beginning inventory of $160,000 and ending inventory of $180,000 for the current period.The company had sales of $500,000 and cost of goods sold of $300,000 during the period.What was the inventory turnover?
A) 4.50 times
B) 2.94 times
C) 2.00 times
D) 1.76 times
Correct Answer:
Verified
Correct Answer:
Verified
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