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16 A company has the following: Sales revenue, $2,400,000 Beginning inventory, $150,000 Ending inventory, $250,000 Gross profit, $1,000,000 Net income, $75,000 What is its inventory
16 A company has the following: Sales revenue, $2,400,000 Beginning inventory, $150,000 Ending inventory, $250,000 Gross profit, $1,000,000 Net income, $75,000 What is its inventory turnover ratio? 5.25 times O 4.0 times O 4.5 times O 6.0 times O 7.0 times
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Understanding Simple Accounting
Authors: Gustav Muhsfeldt
1st Edition
B005MAAH4W
