The Following Information Is Available for Patterson Company The Inventory Turnover for 2021 Is
A)6

question 18

Multiple Choice

The following information is available for Patterson Company: $\begin{array}{lrr}&2021&2020\\\text { Accounts receivable } & \$ 360,000 & \$ 340,000 \\\text { Inventory } & 280,000 & 320,000 \\\text { Net credit sales } & 3,000,000 & 1,400,000 \\\text { Cost of goods sold } & 1,800,000 & 840,000 \\\text { Net income } & 300,000 & 170,000\end{array}$ The inventory turnover for 2021 is

• A)6.4 times.
• B)6.0 times.
• C)5.6 times.
• D)3.0 times.

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Definitions:

Catholic Charities

A large network of charitable organizations affiliated with the Catholic Church, offering a wide range of social services and humanitarian aid.

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Structured group discussions conducted to explore participants' perceptions and opinions on a specific topic or issue.

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