Multiple Choice
During Year 2, Lamar Corporation purchased $600,000 of merchandise inventory.The cost of sales for year 2 was $660,000 and the ending merchandise inventory at December 31, Year 2 was $60,000.What was the inventory turnover for Year 2?
A) 8.0
B) 7.3
C) 6.6
D) 6.0
E) 6.7
Correct Answer:
Verified
Correct Answer:
Verified
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