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Questions -
Q1. Oregon Inc. had $420,000 in inventory at the beginning of the year and $340,000 at the end of the year. The cost of the inventory that was sold during the year was $4,200,000. What was Oregon's inventory turnover ratio?
-9.04
-10.00
-12.35
-11.05
Q2. A low inventory turnover might indicate all of the following except:
-slow moving goods
-a worsening economy
-a well-received ad campaign
-poor management
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