Corona Company's Balance Sheet Accounts Follow

question 90

Multiple Choice

Corona Company's balance sheet accounts follow:
-What is Corona Company's inventory turnover ratio for 2014,assuming net sales and gross profit for the period were $1,236,783,and $927,587 respectively?

• A)10.96
• B)3.25
• C)3.00
• D)3.67
• E)4.20

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