Multiple Choice
Caruso,Inc.has an inventory turnover ratio of 8 times.If its cost of goods sold is $150,000,then
A) the company will report sales of $1,200,000.
B) the gross margin will be $1,200,000.
C) the company's average inventory is $18,750.
D) it sells its inventory 1,200 times per year.
Correct Answer:
Verified
Correct Answer:
Verified
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