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Accounting

The following information was available for Bowyer Company at December 31, 2010: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $660,000; and sales $900,000. Bowyer's inventory turnover ratio in 2010 was:

A) 9.4 times.

B) 8.3 times.

C) 7.3 times.

D) 6.0 times.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9405120

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