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RJ Corporation has provided the following information about one of its inventory items: Number of Units Cost per Unit 400 $3,200 Date Transaction Beginning 1/1
RJ Corporation has provided the following information about one of its inventory items: Number of Units Cost per Unit 400 $3,200 Date Transaction Beginning 1/1 Inventory 6/6 Purchase 9/10 Purchase 11/15 Purchase 800 1,200 800 $3,600 $4,000 $4,200 During the year, RJ sold 2,100 units. What was Inventory Turnover Ratio using the LIFO cost flow assumption? Multiple Choice O 2.66 O 1.70 2.24 What was Inventory Turnover Ratio using the LIFO cost flow assumption? Multiple Choice 2.66 O O 1.70 o 2.24 3.35 O Your goal is to be able to withdraw $4,300 for each of the next seven years beginning one year from today. The return on the investment is expected to be 10%. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $28,974. $30,100. $20,934. O $37,328. O
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