Question
a. Calculate the inventory turnover ratio. (Round your answer to 1 decimal place.) b. Calculate the average days in inventory. ( Round your answer to
a. Calculate the inventory turnover ratio. (Round your answer to 1 decimal place.)
b. Calculate the average days in inventory. (Round your answer to 1 decimal place.)
c. Calculate the gross profit ratio. (Round your answer to 2 decimal places.)
Use the following information: 180,000 Net sales 124,000 Cost of goods sold Beginning inventory 41,000 Ending inventory 31,000
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Statutory Audits In Europe
Authors: Michael Kend, Giulia Leoni, Cristina Florio, Silvia Gaia
1st Edition
1032201738, 978-1032201733
