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2) (10 pts) Fast Shoes, LLC has the following financial data for the year ended December 31, 2024, Cost of C Sold $600,000, Beginning Merchandise
2) (10 pts) Fast Shoes, LLC has the following financial data for the year ended December 31, 2024, Cost of C Sold $600,000, Beginning Merchandise Inventory - $135,000, Ending Merchandise Inventory $105,000 a) Calculate the inventory turnover b) Calculate days' sales in inventory for the year.
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Auditing A Quickstudy Reference Tool
Authors: Michael P Griffin
1st Edition
1423236408, 978-1423236405
