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

Question 198

Multiple Choice

Excerpts from Zorra Corporation's most recent balance sheet appear below: Excerpts from Zorra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850. -The inventory turnover for Year 2 is closest to: A) 4.05 B) 4.36 C) 1.17 D) 0.86 Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850.
-The inventory turnover for Year 2 is closest to:


A) 4.05
B) 4.36
C) 1.17
D) 0.86

Correct Answer:

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