Corona Company's Balance Sheet Accounts Follow: What Is Corona

question 172

Multiple Choice

Corona Company's balance sheet accounts follow: What is Corona Company's inventory turnover ratio for 2014, assuming net sales and gross profit for the period were $1,236,783, $927,587 respectively?

• A) 10.96
• B) 3.25
• C) 3.00
• D) 3.65
• E) 4.20

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