Topiarys unlimited has a cost of goods sold of 1600000. the, Ask an Expert

Accounting

Topiary's Unlimited has a cost of goods sold of $1,600,000. The beginning merchandise inventory was $195,000 and the ending merchandise inventory is $205,000. Topiary's merchandise inventory turnover ratio is:

A. 8.21 times.

B. 7.80 times.

C. 8.00 times.

D. 9.00 times.

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Accounting Basics, Accounting

Category:- Accounting Basics
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