Multiple Choice Question 162 The following information was available for Kingbird, Inc. at December 31, 2022: beginning inventory $70000; ending inventory $108000; cost of goods sold $644000; and sales $888000. Kingbird inventory turnover ratio in 2022 was

O 9.2 times.
O 10.0 times.
O 6.0 times.
O 7.2 times.

was my answer wrong?

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answercold,maybe nuclear war;

yes the correct answer was

b.the increased supply will create a surplus.