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7. The following information was available for Free for All Limited at December 31, 2018: $ 220,000 260,000 1,680,000 2,800,000 Beginning inventory.. Ending inventory.. Cost

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7. The following information was available for Free for All Limited at December 31, 2018: $ 220,000 260,000 1,680,000 2,800,000 Beginning inventory.. Ending inventory.. Cost of goods sold.. Net sales.. Free for All inventory turnover was (a) 6.0 times (b) 7.0 times (c) 8.5 times. (d) 10.0 times. Free for All days in inventory was (a) 60.8 days. (b) 42.9 days (c) 52.1 days. (d) 36.5 days. An increase in inventory turnover means days in inventory (a) increases (b) decreases (c) remains the same (d) cannot be determined

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