baileyann9982 baileyann9982
  • 20-05-2023
  • Mathematics
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Caruso, Inc. has an inventory turnover rate of 8 times. If its cost of goods sold is $150,000, then a. The company will report sales of $1,200,000. b. The gross margin will be $1,200,000. c. The company's average inventory is $18,750. d. It sells its inventory 1,200 times per year.

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