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What is Susans Stationery inventory turnover ratio

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Question - Susan's Stationery sold goods that cost $42,000, and had expenses that totaled $5,600. The average stock of goods in a year ending December 31 was $7,500. What is Susan's Stationery inventory turnover ratio in a year ending December 31?

a. 5.60

b. 6.25

c. 7.50

d. 4.67

Reference no: EM132664009

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