The cost of goods forecast to be sold in the next 3 months equal $1,200,000, and the average projected inventory is $600,000. What is the projected stock turns?

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The cost of goods forecast to be sold in the next 3 months equal $1,200,000, and the average projected inventory is $600,000. What is the projected stock turns?
A . 6
B . 8
C . 2
D . 4

Answer: B

Explanation:

Stock turns = Projected annual cost of goods sold/ average inventory=(1200000*4)/600000

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