Question: Based on the following data for the current year, what is the inventory turnover? $400,000 255,000 Sales on account during year Cost of goods sold
Based on the following data for the current year, what is the inventory turnover? $400,000 255,000 Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year 45,000 35,000 90,000 80,000 O a. 1.6 Ob. 3.0 O c. 2.8 O d. 10.0
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