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The following information is for 2024 Cost of Goods Sold (Cost of sales) Beginning Merchandise...

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The following information is for 2024 Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory Based on the information above, ABC Company Pike Company $1,800,000 $110,000 360,000 5,000 380,000 6,000 A. ABC Company has a harder time of selling inventory at an inventory turnover rate of 4.9 compared to Pike Company at 20 B. Pike Company has a lower inventory turnover rate. C. ABC Company has an easier time of selling inventory at an inventory turnover rate of 4.9 compared to Pike Company at 20 D. Both companies have the same inventory turnover rate

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