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university of california Operations And Supply Chain Management Assignment Help - Inventory turnover ratio

Question - Selected year-end data for a company are presented below: Current Liabilities $600,000 Acid- Test ratio 2.5 Current ratio 3.0 Cost of goods sold $500,000 the company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, the company's turnover ratio for the year was closest to: A. 1.20 B. 2.40 c. 1.67 D. 2.23

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