If Sales Is $1,000,000, Cost of Merchandise Sold Is $750,000

question 5

Multiple Choice

If sales is $1,000,000, cost of merchandise sold is $750,000, and average inventory is $220,000, how much would be inventory turnover?

• A) 1.1
• B) 3.4
• C) 1.3
• D) 4.5

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Definitions:

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