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For the Year Ended December 31, Depot Max's Cost of Goods

Question 184

Multiple Choice

For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. Ending inventory was $7,250. Compute Depot Max's inventory turnover for the year.


A) 8.7
B) 7.8
C) 8.3
D) 44.0

Correct Answer:

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