In 2020 Borger Industries Had Beginning Inventory of $106,000,purchases of $1,126,500,ending

question 75

Multiple Choice

In 2020 Borger Industries had beginning inventory of $106,000,purchases of $1,126,500,ending inventory of $116,000,accounts payable of $49,605,and sales of $2,147,250.Inventory turnover for 2017 was closest to

• A)9.625.
• B)10.06.
• C)10.15.
• D)10.53.

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Definitions:

Prescription

An order written by a medical practitioner authorizing a patient to be provided a medicine or treatment.

Narcotic

A class of substances that change mood or behavior and are used medicinally for pain relief but carry a high potential for abuse.

Ointment

A semi-solid preparation typically applied to the skin or mucous membranes to provide a therapeutic, protective, or cosmetic benefit.

Enema

A procedure involving the introduction of liquid into the rectum and colon to stimulate bowel movement or for diagnostic purposes.