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Grove Corporation had sales of $3,040,000, cost of sales of $2,100,000, and average inventory of $540,000. What was Grove's inventory turnover ratio for the
Grove Corporation had sales of $3,040,000, cost of sales of $2,100,000, and average inventory of $540,000. What was Grove's inventory turnover ratio for the period? Multiple Choice 20.9 times 3.9 times 5.6 times 1.5 times
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285866304, 978-1285866307
