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Question

susan's stationery sold goods that cost $42000, and had expenses that totaled $5600. The average stock of goods in

a year ending december 31 was $7500.

What is susan's stationery inventory turnover ratio in year ending december 31?


7.50

6.25

5.60

4.67

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PLEASE NOTE: the inventory turnover ratio measures the rate at which inventory is used over the measurement... View the full answer

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