Question: Multiple Choice Question 162 The following information was available for Oriole Company at December 31, 2017: beginning inventory $84000; ending inventory $124000; cost of goods

Multiple Choice Question 162

The following information was available for Oriole Company at December 31, 2017: beginning inventory $84000; ending inventory $124000; cost of goods sold $680000; and sales $936000. Oriole inventory turnover ratio (rounded) in 2017 was

(A) 6.5 times.

(B) 5.5 times.

(C) 9.0 times.

(D) 8.1 times.

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