Refer to Self-Study Question 9. About how many days does it take the inventory to turn over?
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Refer to Self-Study Question 9. About how many days does it take the inventory to turn over?
a. 122
b. 88
c. 146
d. 73
Data from Self-Study Question 9
A company has sales of \(\$ 375,000\), cost of goods sold of \(\$ 225,000\), average inventory during the year of \(\$ 75,000\), and ending inventory of \(\$ 90,000\). The company's inventory turnover for the year is
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Related Book For 
Horngrens Accounting Volume 1
ISBN: 9780135359709
11th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
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