If the Average Aggregate Inventory Value Is $100,000 and the Cost

question 29

Multiple Choice

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?

• A) 19.23
• B) 4.5
• C) 0.8654
• D) 0.2222
• E) None of these choices are correct

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Definitions:

Single Entity

A business or organization that is legally recognized as a single unit, distinct from its owners or shareholders.