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Perfection Company Had Cost of Goods Sold of $853,000, Ending

Question 26

Multiple Choice

Perfection Company had cost of goods sold of $853,000, ending inventory of $70,500, and average inventory of $71,600. Its inventory turnover equals:

A) 1.0.
B) 6.0.
C) 14.0.
D) 30.6.
E) 11.9.

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