At December 31, 2025, the following information was available for Garcia Company: ending inventory ($ 30,000), beginning
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At December 31, 2025, the following information was available for Garcia Company: ending inventory \(\$ 30,000\), beginning inventory \(\$ 42,000\), cost of goods sold \(\$ 240,000\), and sales revenue \(\$ 400,000\). Calculate inventory turnover and days in inventory for Garcia Company.
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Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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