A firm has current assets of $350,000, current liabilities of $200,000
A firm has current assets of $350,000, current liabilities of $200,000, cost of goods sold of $250,000, and inventory of $75,000. The firm’s inventory turnover is
A) 5.0 times.
B) 3.3 times.
C) 2.7 times.
D) 2.0 times.
E) 4.7 times.
ANSWER
B
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