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Saxon Corporation beginning inventory was $30000. The cost of goods sold was $350000 for the...

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Accounting

Saxon Corporation beginning inventory was $30000. The cost of goods sold was $350000 for the year, with the ending inventory of $40000 inventory turnover for the year is

A. 20 times

B. 10 times

C. 11.67

D. 8.75

Answer & Explanation Solved by verified expert
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