Question: Question 1 ABC has the following selected financial data: Current assets $65,000 Current liabilities $60,000 Long-term assets $90,000 Inventory $20,000 Net sales $365,000 Cost

Question 1 ABC has the following selected financial data: Current assets $65,000

Question 1 ABC has the following selected financial data: Current assets $65,000 Current liabilities $60,000 Long-term assets $90,000 Inventory $20,000 Net sales $365,000 Cost of goods sold $280,000 What is ABC's inventory turnover? 18 times 14 times 7 times 9 times 1 pts

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