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Excerpts from Colter Corporation's Most Recent Balance Sheet Appear Below

Question 75

Multiple Choice

Excerpts from Colter Corporation's most recent balance sheet appear below: Excerpts from Colter Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. The inventory turnover for Year 2 is closest to: A) 1.06 B) 0.94 C) 4.36 D) 4.24 Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720. The inventory turnover for Year 2 is closest to:


A) 1.06
B) 0.94
C) 4.36
D) 4.24

Correct Answer:

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