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Corona Company's Balance Sheet Accounts Follow

Question 90

Multiple Choice

Corona Company's balance sheet accounts follow: Corona Company's balance sheet accounts follow: -What is Corona Company's inventory turnover ratio for 2014,assuming net sales and gross profit for the period were $1,236,783,and $927,587 respectively? A) 10.96 B) 3.25 C) 3.00 D) 3.67 E) 4.20
-What is Corona Company's inventory turnover ratio for 2014,assuming net sales and gross profit for the period were $1,236,783,and $927,587 respectively?


A) 10.96
B) 3.25
C) 3.00
D) 3.67
E) 4.20

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