[The Following Information Applies to the Questions Displayed Below

question 62

Multiple Choice

[The following information applies to the questions displayed below.]
During the current year,Carlin Equipment Stores had net sales of $500 million,a cost of goods sold of $400 million,average accounts receivable of $60 million,and average inventory of $50 million.
-Carlin Equipment 's inventory turnover rate is:

• A)6.7 times.
• B)8 times.
• C)10 times.
• D)1.25 times.

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