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What is the company average inventory

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Reference no: EM132584101

Below is a selection of information concerning Arc Inc.

Net income for the year: $100,000
Gross profit ratio: 40%
Return on Sales: 16%
Inventory turnover: 2.5

Question 1: What is the company's average inventory?

Select one:

Option a. It cannot be calculated with the information provided

Option b. $150,000

Option c. $250,000

Option d. $375,000

Reference no: EM132584101

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