Suppose Domino's had cost of goods sold during the year of $290,000. Beginning merchandise inventory was K $40,000, and ending merchandise inventory was $75,000. Determine Domino's inventory turnover for the year. Round to the nearest hundredth. OA. 8.29 times per year OB. 7.25 times per year OC. 5.04 times per year OD. 3.87 times per year

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Suppose Domino's had cost of goods sold during the year of $290,000. Beginning merchandise inventory was
K
$40,000, and ending merchandise inventory was $75,000. Determine Domino's inventory turnover for the year. Round
to the nearest hundredth.
OA. 8.29 times per year
OB. 7.25 times per year
OC. 5.04 times per year
OD. 3.87 times per year
Transcribed Image Text:Suppose Domino's had cost of goods sold during the year of $290,000. Beginning merchandise inventory was K $40,000, and ending merchandise inventory was $75,000. Determine Domino's inventory turnover for the year. Round to the nearest hundredth. OA. 8.29 times per year OB. 7.25 times per year OC. 5.04 times per year OD. 3.87 times per year
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