Inventory turnover (Learning Objective 8) 510 min. Swanson, Incorporateds sales for the year ended March 31, 2014,
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Inventory turnover (Learning Objective 8) 5–10 min.
Swanson, Incorporated’s sales for the year ended March 31, 2014, were $1,275,000, and cost of goods sold amounted to $728,000. Beginning inventory was $55,000, and ending inventory was $68,000.
Compute Swanson, Incorporated’s rate of inventory turnover for the year ended March 31, 2014. Round answer to the nearest tenth.
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Related Book For 
Financial Accounting
ISBN: 9781292019543
3rd Global Edition Edition
Authors: Robert Kemp, Jeffrey Waybright, Pearson Education
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