The 2014 financial statements of Vitturo Company reported beginning inventory of €973,000, ending inventory of €1,023,000, and cost of goods sold of €5,988,000 for the year. Vitturo's inventory turnover ratio for 2014 is
A) 2.7 times.
B) 3.0 times.
C) 3.6 times.
D) 6.0 times.
Correct Answer:
Verified
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