Karr Company Has a Beginning Merchandise Inventory of $17,000, an Ending

question 113

Multiple Choice

Karr Company has a beginning merchandise inventory of $17,000, an ending merchandise inventory of $20,000, sales of $350,000, and a cost of goods sold of $200,000. Karr's inventory turnover is

• A) 10.0 times.
• B) 10.8 times.
• C) 17.5 times.
• D) 18.9 times.

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