The following information was available for Bowyer Company at December 31, 2014: beginning

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The following information was available for Bowyer Company at December 31, 2014: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $880,000; and sales $1,200,000. Bowyer’s inventory turnover ratio in 2014 was

 

11.0 times.

 

15.0 times.

 

12.6 times.

 

9.8 times.
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