Question: Please provide the answer to this general accounting question using the right approach. A company has an inventory turnover ratio of 5.00, merchandise inventory for

Please provide the answer to this general accounting question using the right approach.

A company has an inventory turnover ratio of 5.00, merchandise inventory for 2020 of $90,000, and cost of goods sold of $450,000. What is the average inventory? a. $85,000 b. $90,000 c. $100,000 d. $110,000

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