Dowling's average inventory balance for 2009 is:
A) 11.
B) 12.
C) 11.5.
D) 12.5.Inventory turnover = cost of goods sold / (avg inventory) , so average inventory = COGS/(inventory turnover) = 60/5.22 = 11.5.
Correct Answer:
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Q96: Hulkster's 2009 inventory turnover is:
A)3.62.
B)3.96.
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