Question: Average Accounts Receivable $2,000 Average Inventory 1,000 Current Assets 5,000 Capital Assets 7,000 Current Liabilities 1,000 Long-Term Liabilities 3,000 Sales Revenue 10,000 Gross Profit 7,000

Average Accounts Receivable $2,000 Average Inventory 1,000 Current Assets 5,000 Capital

Average Accounts Receivable $2,000 Average Inventory 1,000 Current Assets 5,000 Capital Assets 7,000 Current Liabilities 1,000 Long-Term Liabilities 3,000 Sales Revenue 10,000 Gross Profit 7,000 Net Income 5,000 Using the above information, inventory turnover ratio is Select one: a. 3 b. 2:1 c. 122 days d. 0.33

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