Financial statement data at December 31 for Alpine Company are as follows: Line...

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Accounting

Financial statement data at December 31 for Alpine Company are as follows:
Line Item Description Amount
Cost of goods sold $1,150,000
Inventories:
Beginning of year 380,000
End of year 320,000
Determine inventory turnover for the year.
a.3.3
b.3.6
c.1.6
d.3.0

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