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Waterway Corporation had net credit sales of $13,100,000 and cost of goods sold of $9,070,000...

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Accounting

Waterway Corporation had net credit sales of $13,100,000 and cost of goods sold of $9,070,000 for the year. The average inventory for the year amounted to $1,814,000. The inventory turnover for the year is?

  • A. 5.0 times.

  • B. 7.2 times.

  • C. 1.8 times.

  • D. 1.4 times.

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