Question: Can you solve this general accounting problem with appropriate steps and explanations? If a retail store has cost of goods sold of $480,000 and average

Can you solve this general accounting problem with appropriate steps and explanations?

Can you solve this general accounting problem
If a retail store has cost of goods sold of $480,000 and average inventory of $120,000, what is its inventory turnover ratio? A)25 B) 3.0 C) 4.0 D) 5.0

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