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Financial Accounting Final - Part 3 of 4!
SAMPLE
This is a sample practice set. In order to have a more personalized exam prep experience:
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14. Financial Statement Analysis / Ratios: Inventory Turnover / Problem 13
Problem 13

A company has a cost of goods sold of \$250,000, a beginning inventory of \$50,000, and an ending inventory of \$70,000. What is the inventory turnover ratio?