Question
Multiple Choice Question 162 The following information was available for Oriole Company at December 31, 2017: beginning inventory $84000; ending inventory $124000; cost of goods
The following information was available for Oriole Company at December 31, 2017: beginning inventory $84000; ending inventory $124000; cost of goods sold $680000; and sales $936000. Oriole inventory turnover ratio (rounded) in 2017 was
(A) 6.5 times.
(B) 5.5 times.
(C) 9.0 times.
(D) 8.1 times.
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
