Cost of goods sold for Abe Distributors was 538,330 for the year. ...

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Cost of goods sold for Abe Distributors was 538,330 for the year. If the beginning inventory at cost was 112,700 and the ending inventory at cost was 301,400, find the inventory turnover at cost. (Round your answer to the nearest tenth)
 A) 1.8 Times
  B) 2.6 Times
  C) 2.7 Times
  D) 4.8 Times

Question 2

The ___________________ _ period is the time period in which a buyer can take advantage of the cash discount.
 Fill in the blank(s) with correct word

[Joy Chen]

Answer to Question 1

B

Answer to Question 2

cash discount