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Given the Following Information, Calculate the Inventory Turnover Rate for the Month

Question 7

Multiple Choice

Given the following information, calculate the inventory turnover rate for the month of March. Food Inventory End of February: $28,000\$ 28,000
Food Inventory End of March: $32,000\$32,000
Cost of Food Used in March: $195,000\$ 195,000


A) 6.09 times
B) 6.50 times
C) 6.96 times
D) 13.05 times

Correct Answer:

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