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During the Year,The Core Company Purchased $1,700,000 of Inventory

Question 26

Multiple Choice

During the year,The Core Company purchased $1,700,000 of inventory.The cost of goods sold for the year was $1,600,000 and the ending inventory at December 31 was $330,000.What was the inventory turnover for the year?


A) 2.9
B) 3.3
C) 5.7
D) 6.1

Correct Answer:

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