Guttery Corporation Has Provided the Following Financial Data from Its

question 32

Multiple Choice

Guttery Corporation has provided the following financial data from its balance sheet: Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. The company's inventory turnover for Year 2 is closest to:

• A)5.17
• B)5.56
• C)6.00
• D)0.86

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