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The following information is available for a company at December 31, 2007: Beginning inventory $ 80,000 Ending inventory 120,000 Net Purchases 790,000 Sales 1,200,000 The
The following information is available for a company at December 31, 2007: Beginning inventory $ 80,000 Ending inventory 120,000 Net Purchases 790,000 Sales 1,200,000 The company's inventory turnover in 2008 is a. 7.5 times O b. 9 times O c. 2 times O d. 11.3 times
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