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    Financial Accounting Study Set 11
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    Exam 6: Inventory Cost of Goods Sold
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    An Inventory Turnover of 3
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An Inventory Turnover of 3

Question 31

Question 31

True/False

An inventory turnover of 3.65 means that,on average,items of inventory sat on a retailer's shelves for 100 days before being sold.

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