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Cost of Goods Sold for Grant Corporation for 2017 Was

Question 134

Multiple Choice

Cost of goods sold for Grant Corporation for 2017 was $300,000 and net credit sales for 2017 were $625,000.Beginning inventory for 2017 was $150,000 and ending inventory for 2017 was $200,000.What was the inventory turnover?


A) 3.57
B) 1.71
C) 2.00
D) 1.50

Correct Answer:

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