Topiary's Unlimited has a cost of goods sold of $1,400,000.The beginning merchandise inventory was $195,000 and its ending merchandise inventory is $205,000.Topiary's merchandise inventory turnover ratio is:
A) 8) 50 times.
B) 7) 00 times.
C) 8) 00 times.
D) None of the above is correct.
Correct Answer:
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