Question: The following question was marked wrong by my professor Assume the following information: Beginning Accounts Receivable: $100,000 Ending Accounts Receivable: $150,000 Beginning Inventory: $250,000 Ending

Assume the following information: Beginning Accounts Receivable: $100,000 Ending Accounts Receivable: $150,000

The following question was marked wrong by my professor

Beginning Inventory: $250,000 Ending Inventory: $350,000 Sales: $1 cost of Goods sold:

Assume the following information: Beginning Accounts Receivable: $100,000 Ending Accounts Receivable: $150,000 Beginning Inventory: $250,000 Ending Inventory: $350,000 Sales: $1 cost of Goods sold: $700,000 Operating Expenses: $200,000 What is the Inventory Turnover for the period? O .1 time O .33 times 0 3.3 times 0 1 time

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