Question
3. A company has $50,000 in inventory, $90,000 per year in COGS (Cost of Goods Sold), and $120,000 per year in revenues. How many times
3. A company has $50,000 in inventory, $90,000 per year in COGS (Cost of Goods Sold), and $120,000 per year in revenues.
How many times per year does the company turn its inventory and how many days inventory on hand does it hold?
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Financial & Managerial Accounting
Authors: Carl Warren
12th Edition
1285534646, 978-1133952428
