The 2011 Financial Statements of Vitturo Company Reported Beginning Inventory

question 59

Multiple Choice

The 2011 financial statements of Vitturo Company reported beginning inventory of €973,000, ending inventory of €1,023,000, and cost of goods sold of €4,491,000 for the year.Vitturo's inventory turnover ratio for 2011 is

• A)2 times.
• B)2.3 times.
• C)2.7 times.
• D)4.5 times.

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