A company had gross profit of on net sales of

Question

A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average inventory was $7,080, what is the company's inventory turnover?
A. 10.0
B. 8.85
C. 16.77
D. 18.95
E. 28.95

Answer

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