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Suppose a firm has an average inventory of 50000 sales of

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Assume a firm has an average inventory of $50,000, sales of $250,000, gross profit of $100,000, and net income of $25,000. The preferred formulation for an inventory turnover results in an inventory turnover of:

a. 1 time

b. 3 times

c. 4 times

d. 5.5 times

 

Reference no: EM13392799

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