Parlato Corp.has an inventory turnover rate of eight times.If its cost of goods sold is $150,000,what is characteristic of the company?
A) The company will have sales of $1,200,000.
B) The company will have gross margin of $1,200,000.
C) The company will have average inventory of $18,750.
D) The company will sell its inventory 1,200 times per year.
Correct Answer:
Verified
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