If Beginning and Ending Inventories Are $100,000 and 150,000,respectively,and the Cost

question 1

Multiple Choice

If beginning and ending inventories are $100,000 and 150,000,respectively,and the cost of goods sold is $450,000,what is the inventory turnover ratio?

• A)4.50
• B)3.00
• C)3.60
• D)0.28

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Definitions:

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