Multiple Choice
Jim had a beginning inventory of $5,500.During the month of April he purchased $4,000 of food and had an ending inventory of $3,800 at the end of the month.His sales for April were $8,750.What was his inventory turnover?
A) 1) 88 turns
B) 86:1
C) 45.7%
D) 1) 2 times
Correct Answer:
Verified
Correct Answer:
Verified
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