A company produces the following information concerning inventory turnover. If the Year 2 average inventory is double

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A company produces the following information concerning inventory turnover.

If the Year 2 average inventory is double Year 1's and the cost of goods sold is increased to $960,000, what will the inventory turnover in Year 2 be?

A. 8 times

B. 10 times

C. 16 times

D. 20 times.

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 17, 2021 01:41 AM

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A company produces the following information concerning inventory turnover. If the Year 2 average inventory is double

Question:

Year 1 average inventory Inventory turnover $60 C00 10 times

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In year 1 average inventory A 60000 Inventory turnov...View the full answer

Accounting For Cambridge International AS And A Level

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