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

question 133

Multiple Choice

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

• A) 10.3
• B) 14.3
• C) 12.0
• D) 1.2

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Definitions:

Focal Date

A specific date used as a reference point for calculations in financial transactions, especially in annuities and other periodic payments.

Maturity Value

The amount payable to an investor at the end of a fixed term investment, including the principal and any accrued interest.

Simple Interest Rate

The interest rate applied to the principal amount only, without compounding over a period.

Failed To Make

Refers to the inability or omission of completing a particular action, such as making a payment or fulfilling an obligation.