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 = Cost

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

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