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A company had the following information through specific year: Net sales: $240,000; cost of sales: $180,000; beginning inventory: $40,000 and ending inventory: $50,000. The
A company had the following information through specific year: Net sales: $240,000; cost of sales: $180,000; beginning inventory: $40,000 and ending inventory: $50,000. The inventory turnover ratio equals: a. 4.5X O b. 4X O c. 3.6 X O d. 5.3 X
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
