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

Question 141

Multiple Choice

Excerpts from Shelton Corporation's most recent balance sheet appear below: Excerpts from Shelton Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,320 and the cost of goods sold was $890. -The inventory turnover for Year 2 is closest to: A) 6.59 B) 7.42 C) 1.25 D) 0.80 Sales on account in Year 2 amounted to $1,320 and the cost of goods sold was $890.
-The inventory turnover for Year 2 is closest to:


A) 6.59
B) 7.42
C) 1.25
D) 0.80

Correct Answer:

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