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Ayayai Corp. had the following records: ...

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Question

Accounting

Ayayai Corp. had the following records:

2022

2021

Ending inventory

 $31850 $29100

Cost of goods sold

 208600 209040

What is Ayayai's inventory turnover for 2022? (rounded)

7.2 times

6.8 times

6.9 times

6.5 times

Answer & Explanation Solved by verified expert
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