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The following information pertains to Barkley Company: Merchandise purchased $1,800,000 Cost of goods sold $2,000,000 Inventory at the end of the year $ 400,000 The
The following information pertains to Barkley Company:
| Merchandise purchased | $1,800,000 |
| Cost of goods sold | $2,000,000 |
| Inventory at the end of the year | $ 400,000 |
The inventory turnover ratio for the year was
a. 5.
b. 4.
c. 3.6.
d. 10.
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