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Based on the Following Information: What Is the Company's (1)

Question 71

Multiple Choice

Based on the following information: what is the company's (1) inventory turnover; (2) average daily cost of goods sold; and (3) number of days' sales in inventory for the current year? Use a 365-day year. Based on the following information: what is the company's (1)  inventory turnover; (2)  average daily cost of goods sold; and (3)  number of days' sales in inventory for the current year? Use a 365-day year.   ​ A)  (1)  14.33 times (2)  $589.04 (3)  24.5 days B)  (1)  23.88 times (2)  $589.04 (3)  15.3 days C)  (1)  13.43 times (2)  $597.22 (3)  26.8 days D)  (1)  14.33 times (2)  $597.22 (3)  25.1 days


A) (1) 14.33 times
(2) $589.04
(3) 24.5 days
B) (1) 23.88 times
(2) $589.04
(3) 15.3 days
C) (1) 13.43 times
(2) $597.22
(3) 26.8 days
D) (1) 14.33 times
(2) $597.22
(3) 25.1 days

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