Beginning Inventory Is $42 000 and Ending Inventory Is $58

question 21

Multiple Choice

Beginning inventory is $42 000 and Ending inventory is $58 000. Cost of sales is $600 000. How much is the inventory turnover?

• A)10.3
• B)1.2
• C)12.0
• D)14.3

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Definitions:

Didyma

An ancient Greek sanctuary located on the west coast of Turkey, renowned for its temple of Apollo and its prophetic oracle.

Turkey

A country located at the crossroads of Europe and Asia, known for its rich history, cultural diversity, and significant contributions to art, cuisine, and architecture.

Cella

The chamber at the center of an ancient temple; in a classical temple, the room (Greek, naos) in which the cult statue usually stood.

Deity

A god or goddess in a polytheistic religion, considered divine and often worshipped.