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) 1.2 times
B) 45.7%
C) 86:1
D) 1.88 turns
Correct Answer:
Verified
Correct Answer:
Verified
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