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Grey Corporation Had Sales of $3,000,000, Cost of Sales of $2,200,000

Question 99

Multiple Choice

Grey Corporation had sales of $3,000,000, cost of sales of $2,200,000, and average inventory of $500,000. What was Grey's inventory turnover ratio for the period?


A) 1.6 times
B) 4.4 times
C) 6 times
D) .23times

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