Question
A company reports sales of $6,000,000, gross profit of $2,000,000, beginning inventory of $200,000, and ending inventory of $300,000. What is the inventory turnover for
A company reports sales of $6,000,000, gross profit of $2,000,000, beginning inventory of $200,000, and ending inventory of $300,000. What is the inventory turnover for the period?
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
