Question
A company's sales are $500,000 and cost of goods sold is $420,000. Beginning and ending inventories are $24,000 and $32,000, respectively. How many times did
A company's sales are $500,000 and cost of goods sold is $420,000. Beginning and ending inventories are $24,000 and $32,000,
respectively. How many times did the company turn its inventory over during this period? (Round your answer to one decimal place, X.X.)
A.15.0 times
B.3.3 times
C.2.9 times
D.17.9 times
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Financial Accounting For MBAs
Authors: Peter Easton, Robert Halsey, Mary Lea McAnally, John Wild
8th Edition
1618533584, 9781618533586
