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Question 23

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[The following information applies to the questions displayed below.]
During the current year,Carl Equipment Stores had net sales of $600 million,a cost of goods sold of $500 million,average accounts receivable of $75 million,and average inventory of $50 million.
-Refer to the information above.Carl Equipment 's inventory turnover rate is:


A) 6.7 times.
B) 10 times.
C) 12 times.
D) 1.2 times.

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