What Is the Inventory Turnover If the Beginning Inventory Was

question 9

Multiple Choice

What is the inventory turnover if the beginning inventory was $75,000,cost of goods sold was $300,000,and ending inventory was $65,000?

• A)6)4 times
• B)4)3 times
• C)3)8 times
• D)None of the above

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Definitions:

Wheat

A cereal grain considered a staple food in many parts of the world, used to make products like bread, pasta, and cereal, among others.

Cattle

Domesticated large animals raised in agriculture for purposes like meat (beef), milk, or hide production.

Crude Oil

A natural petroleum product that’s extracted from the ground and is a global primary energy source, undergoing refinement for various uses.

Tractors

Heavy vehicles designed for agricultural use, mainly for plowing, tilling, and planting fields.