Sugar, Incorporated sells $589,300 of goods during the year that have a cost of $458,600. Inventory was $30,383 at the beginning of the year and $34,638 at the end of the year. What is the inventory turnover ratio? (Round your final answer to 1 decimal place.) Multiple Choice O O O 4.0 times 18.1 times 15.1 times 14.1 times

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Sugar, Incorporated sells $589,300 of goods during the year that have a cost of $458,600. Inventory was $30,383 at the beginning of the year and $34,638 at the end of the year.
What is the inventory turnover ratio? (Round your final answer to 1 decimal place.)
Multiple Choice
O
O
O
4.0 times
18.1 times
15.1 times
14.1 times
Transcribed Image Text:Sugar, Incorporated sells $589,300 of goods during the year that have a cost of $458,600. Inventory was $30,383 at the beginning of the year and $34,638 at the end of the year. What is the inventory turnover ratio? (Round your final answer to 1 decimal place.) Multiple Choice O O O 4.0 times 18.1 times 15.1 times 14.1 times
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