Beginning Inventory Was $28,000 and Ending Inventory Was $22,000

question 99

Multiple Choice

Beginning inventory was $28,000 and ending inventory was $22,000. Cost of goods sold was $190,000 and net sales were $360,000. Inventory turnover for the year was closest to:

• A)14.4.
• B)6.79.
• C)8.64.
• D)7.6.

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Definitions:

Bone Tissue

Bone tissue is a type of connective tissue that forms the skeleton of the body, providing structure, protection, and lever support for muscle action.

Epiphyseal Plate

A layer of cartilage at the end of long bones where new bone growth (ossification) occurs in growing individuals.

Parathyroid Hormone

A hormone secreted by the parathyroid glands that regulates the metabolism of calcium and phosphorus in the body.

Vitamin D

A fat-soluble vitamin essential for the regulation of calcium and phosphate in the body, important for healthy bones, teeth, and muscles.