United Corporation has $65,000 of cost of goods sold and average inventory of $30,000. What is United

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United Corporation has $65,000 of cost of goods sold and average inventory of $30,000. What is United Corporation’s inventory turnover ratio?

a. 0.46

b. 1.17

c. 1.46

d. 2.17

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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