Marshall Inc. has $500,000 in cost of goods sold and an average inventory balance of $210,000 for

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Marshall Inc. has $500,000 in cost of goods sold and an average inventory balance of $210,000 for fiscal 2020.

Inventory turnover for 2020 is:

a. 1.50 times per year

b. 0.42 times per year

c. 2.20 times per year

d. 2.38 times per year

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 11, 2019 11:27 AM

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Marshall Inc. has $500,000 in cost of goods sold and an average inventory balance of $210,000 for

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Fundamental Accounting Principles Volume I

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