Question: I need help solving this general accounting question with the proper methodology. A company has an inventory turnover ratio of 5.50, merchandise inventory for 2020

I need help solving this general accounting question with the proper methodology.

A company has an inventory turnover ratio of 5.50, merchandise inventory for 2020 of $95,000, and cost of goods sold of $522,500. What is the average inventory? a. $90,000 b. $95,000 c. $100,000 d. $105,000

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