Question
*10. Char Daniels, controller for Chaka Inc., has the following items: Sales revenue $300,000; Cost of goods sold $180,000; Beginning inventory $85,000; Ending inventory
*10. Char Daniels, controller for Chaka Inc., has the following items: Sales revenue $300,000; Cost of goods sold $180,000; Beginning inventory $85,000; Ending inventory $65,000. Inventory turnover is: A) 4.00. B) 2.40. C) 2.12. D) 2.00.
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
