Kornowski Company Has the Following Data $\begin{array}{lccc}\text { Inventory } &&&&&&& \$65 && \$ 50& \ & \$40\end{array}$

question 60

Multiple Choice

Kornowski Company has the following data: $\begin{array}{llll}&2X13&2X12&2X11\\\text { Sales (all credit sales) } & \$ 800 & \$ 740 & \$ 675 \\\text { Less Cost of Goods Sold } & \underline{525} & \underline{490} &450\\\text { Gross Profit }& \$ 275 &\$ 250 &\$ 225\\\end{array}$
$\begin{array}{lccc}\text { Inventory } &&&&&&& \$65 && \$ 50& \ & \$40\end{array}$
What is the inventory turnover for Kornowski Company in 2X13? Has the inventory turnover improved or not improved since 2X12?

• A)8)10,improved
• B)8)10,not improved
• C)9)13,improved
• D)9)13,not improved
• E)91,not improved

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