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The following information is for 2025: Fresh Fruits Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $590,000 5,600 15,600

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The following information is for 2025: Fresh Fruits Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $590,000 5,600 15,600 The average inventory turnover for the fruit industry is 40.8. Which of the following statements is correct? OA. Fresh's inventory turnover is lower than the industry average, meaning they are selling inventory more quickly than the industry average. B. Fresh's inventory turnover is higher than the industry average, meaning they are selling inventory more quickly than the industry average. OC. Fresh's inventory turnover is lower than the industry average, meaning they are not selling inventory as quickly as the industry average. OD. Fresh's inventory turnover is higher than the industry average, meaning they are not selling inventory as quickly as the industry average.

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