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Determine the inventory turnover ratio for Ben company

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Question - During the past 6 months, Ben sold goods that cost $43,500, his expenses totaled $3.500 and his freight in totaled $1,750. His company's average stock of goods during the same period was $12,400. Determine the inventory turnover ratio for Ben's company?

a) 3.51

b) 3.37

c) 3.08

d) 3.93

Reference no: EM132865944

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