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Zebra, Inc. cost of goods sold for the year is $2,300,000, and the average merchandise inventory for the year is $130,000. Calculate the inventory turnover
- Zebra, Inc. cost of goods sold for the year is $2,300,000, and the average merchandise inventory for the year is $130,000. Calculate the inventory turnover ratio of the company. (Round your answer to two decimal places.)
5.65 times
17.69 times
8.85 times
9.43 times
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Auditing and Assurance Services
Authors: Timothy Louwers, Allen Blay, David Sinason, Jerry Strawser, Jay Thibodeau
7th edition
978-1259573286, 1259573281, 978-1260152166
