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Determine the Everett inventory turnover

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Reference no: EM132839824

Question - The following information is available for Miguel Company at December 31, 2020: beginning inventory $160,000; ending inventory $240,000; cost of goods sold $1,050,000; and sales $1,800,000. Determine the Everett's inventory turnover in 2020?

a. 4.38 times.

b. 5.25 times.

c. 6.56 times.

d. 9 times.

Reference no: EM132839824

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