Question
Allen Inc. reported net revenues of $19,425,412 and cost of goods sold of $7,204,884. Allens inventories consisted of: 2019 2018 Work-in-process $ 7,541,850 $ 6,784,993
Allen Inc. reported net revenues of $19,425,412 and cost of goods sold of $7,204,884. Allens inventories consisted of:
2019 2018
Work-in-process $ 7,541,850 $ 6,784,993
Finished goods 5,481,806 8,383,469
Total inventories $13,023,656 $15,168,462
The inventory turnover for 2019 was:
A. 0.51
B. 0.64
C. 1.01
D. 1.04
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Stocks And Forex Trading How To Win
Authors: Daryl Guppy ,karen Wong
1st Edition
9811237646, 978-9811237645
