Mackay Industries sales for the year ended December 31, 2010, were ($1,287,000) and cost of goods sold

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Mackay Industries’ sales for the year ended December 31, 2010, were $$1,287,000$ and cost of goods sold amounted to $$707,000.$ Beginning inventory was $$58,000$ and ending inventory was \($77,000.

Compute\) Mackay Industries’ rate of inventory turnover for the year ended December 31,2010. Round answer to the nearest tenth.

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Financial Accounting

ISBN: 9780136060482

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Authors: Jeffrey Waybright, Robert Kemp

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Mackay Industries sales for the year ended December 31, 2010, were ($1,287,000) and cost of goods sold

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Financial Accounting

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