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A company has the following information. What is inventory turnover? Average total assets $1,632,600 Average fixed assets 812,000 Total revenue 2,914,000 Average accounts payable 107,000
A company has the following information. What is inventory turnover?
| Average total assets | $1,632,600 |
| Average fixed assets | 812,000 |
| Total revenue | 2,914,000 |
| Average accounts payable | 107,000 |
| Average inventory | 431,425 |
| Average accounts receivable | 214,785 |
| Cost of goods sold | 1,965,000 |
4.44
13.57
6.75
4.55
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
