Question: Recall the formula for computing a company's inventory turnover ratio. Multiple choice question. Inventory turnover = Merchandise Inventory / Cost of goods sold Inventory turnover

Recall the formula for computing a company's inventory turnover ratio.
Multiple choice question.
Inventory turnover = Merchandise Inventory/Cost of goods sold
Inventory turnover = Merchandise Inventory/Average inventory
Inventory turnover = Cost of goods sold/Average inventory
Inventory turnover = Cost of goods sold/Gross profit

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