Below is selected financial information for SED Inc 2023 2022 2021 2020 Ending Inventory $5,500 $6,500 $8,000 $9,000 Cost of Goods Sold 45,000 82,000 60,000 75,000 How much is the inventory turnover ratio in 2022 Select one a 7 06 b Cannot be determined c 11 31 d 32 ...

The inventory turnover ratio is calculated by dividi ...

Below is selected financial information for SED Inc. 2023 2022 2021 2020 Ending Inventory

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Below is selected financial information for SED Inc.

	2023	2022	2021	2020
Ending Inventory	$5,500	$6,500	$8,000	$9,000
Cost of Goods Sold	45,000	82,000	60,000	75,000

How much is the inventory turnover ratio in 2022?

Select one:

a. 7.06

b. Cannot be determined

c. 11.31

d. 32

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Dec 15, 2023 03:28 AM

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Below is selected financial information for SED Inc. 2023 2022 2021 2020 Ending Inventory

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The inventory turnover ratio is calculated by dividi... View the full answer

Intermediate Accounting IFRS

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