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  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 13: Financial Statement Analysis
  5. Question
    The Following Balance Sheet Information Is Provided for Gaynor Company
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The Following Balance Sheet Information Is Provided for Gaynor Company

Question 3

Question 3

Multiple Choice

The following balance sheet information is provided for Gaynor Company:
The following balance sheet information is provided for Gaynor Company:   Assuming Year 2 cost of goods sold is $153,300,what is the company's inventory turnover? A) 4.0 times B) 4.4 times C) 4.2 times D) None of these answers is correct.
Assuming Year 2 cost of goods sold is $153,300,what is the company's inventory turnover?


A) 4.0 times
B) 4.4 times
C) 4.2 times
D) None of these answers is correct.

Correct Answer:

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