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For the Year Ended December 31, 2014 Depot Max's Cost

Question 110

Multiple Choice

For the year ended December 31, 2014 Depot Max's cost of merchandise 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

Correct Answer:

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