The Esquire Company reported sales of $1,600,000 and cost of goods sold of $1,122,000 for the year ended December 31, 2016. Ending inventory for 2015 and 2016 was $420,000 and $460,000, respectively. Esquire's inventory turnover for 2016 is:

A) 2.44
B) 2.55
C) 3.64
D) 3.48

Ans: B) 2.55

Business

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Indicate whether the statement is true or false

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A) creating a private cloud B) replicating the servers C) allocating different servers for different services D) making the servers elastic

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