If a Firm's Inventories on Hand Are $200,000, Its Cost

question 124

Multiple Choice

If a firm's inventories on hand are $200,000, its cost of goods sold is $600,000, and its sales are $800,000, what is the inventory turnover?

• A) 2 times
• B) 3 times
• C) 4 times
• D) 5 times

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