Motley Companys merchandise inventory and other related accounts for 2008 follow: Required: Assuming that the merchandise inventory
Question:
Motley Company’s merchandise inventory and other related accounts for 2008 follow:
Required:
Assuming that the merchandise inventory buildup was relatively constant during the year, how many times did the merchandise inventory turn over during 2008?
Transcribed Image Text:
Sales $3,000,000 Cost of goods sold 2,200,000 Merchandise inventory Beginning of year 500,000 End of year 600,000
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