Harold Company, a retailer, had cost of goods sold of $190,000 last year. The beginning inventory balance was $28,000 and the ending inventory balance was $22,000. The company's inventory turnover was closest to:
A) 7.6 times
B) 6.79 times
C) 3.8 times
D) 8.64 times
A
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Answer the following statement true (T) or false (F)
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