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Lincol Company had an inventory turnover ratio of 14 for the year ended December 31, 20x9. What does an inventory turnover ratio of 14 mean?

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Lincol Company had an inventory turnover ratio of 14 for the year ended December 31, 20x9. What does an inventory turnover ratio of 14 mean? Select one: a. It took Lincol approximately 26 days to sell its inventory during the year ended December 31, 20x9. O b. It took Lincol approximately 14 months to sell its inventory during the year ended December 31, 20x9. c. Lincol sold 14 items of its inventory during the year ended December 31, 20x9 O d. It took Lincol approximately 14 days to sell its inventory during the year ended December 31, 20x9. Check

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