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Zhang Company Reported Cost of Goods Sold of $835,000 and Average

Question 84

Multiple Choice

Zhang Company reported Cost of goods sold of $835,000 and average Inventory of $41,750. The Inventory turnover ratio is:

A) 0.5 times.
B) 20 times.
C) 418 times.
D) 56 times.
E) 19 times.

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