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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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