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What is the company average inventory

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Reference no: EM132920525

Question - Below is a selection of information concerning Arc Inc.

Net income for the year: $100,000

Return on Sales: 16%

Gross profit ratio: 40%

Inventory turnover: 2.5

Required - What is the company's average inventory?

a. $375,000

b. $150,000

c. It cannot be calculated with the information provided

d. $250,000

Reference no: EM132920525

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