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Metlock, Inc. had net credit sales of $13010000 and cost of goods sold of $10056000...

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Question

Accounting

Metlock, Inc. had net credit sales of $13010000 and cost of goods sold of $10056000 for the year. The average inventory for the year amounted to $2095000. The inventory turnover for the year is

4.8 times.

6.2 times.

1.4 times.

1.3 times.

Answer & Explanation Solved by verified expert
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