Sales are $540,000 and cost of goods sold is $330,000. Beginning and ending inventories are $29,000 and
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Sales are $540,000 and cost of goods sold is $330,000. Beginning and ending inventories are $29,000 and $34,000, respectively. How many times did the company turn its inventory over during this period?
a. 17.1 times
c. 7.2 times
b. 6.7 times
d. 10.5 times
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Related Book For 
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
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