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What was bonita inventory turnover for the year

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Reference no: EM132915586

Problem 1: Bonita, Inc. had a beginning inventory of $55,000 and an ending inventory of $25,000. Their cost of goods sold for the year was $170,000. What was Bonita's inventory turnover for the year?

Option 1: 30.90x
Option 2: 6.8x
Option 3: 23.5x
Option 4: 4.25x

Reference no: EM132915586

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