Question
Abercrombie & Fitch has inventory levels of $333,153 thousand and $427,447 thousand at the end of fiscal 2008 and 2007 respectively. Cost of goods sold
Abercrombie & Fitch has inventory levels of $333,153 thousand and $427,447 thousand at the end of fiscal 2008 and 2007 respectively. Cost of goods sold for 2008 is $1,238,480 thousand. Calculate the inventory turnover ratio for 2008.
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
