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:

Physical Abuse

The intentional use of force against another person resulting in injury, pain, or impairment.

Emotional Abuse

An insidious form of abuse that involves the degradation of someone's sense of identity, self-worth, or dignity, primarily through verbal assault, humiliation, or intimidation.

Opportunities

Situations or conditions that present chances for advancement or success.

Peers

Individuals who are of approximately the same age, social status, or interest group, often influencing each other’s behaviors and beliefs.