For 2022, Superplus Inc

question 70

Multiple Choice

For 2022, Superplus Inc.reported $48,000 beginning inventory and $52,000 ending inventory.Net sales were $320,000 and gross profit was $110,000 for the same period.Based on these figures, inventory turnover for 2022 was

• A)3.4 times.
• B)4.2 times.
• C)6.4 times.
• D)9.2 times.

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