Question
Anderson Farms Company provided the following for? 2018: Cost of Goods Sold? (Cost of? sales) $1,000,000 Beginning Merchandise Inventory 325,000 Ending Merchandise Inventory 630,000 Calculate
Anderson Farms Company provided the following for? 2018:
| Cost of Goods Sold? (Cost of? sales) | $1,000,000 |
| Beginning Merchandise Inventory | 325,000 |
| Ending Merchandise Inventory | 630,000 |
Calculate the? company's inventory turnover ratio for the year.? (Round your answer to two decimal? places.)
A. 2.09times per year
B.1.59 times per year
C. 3.08 times per year
D.1.05 times per year
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Message Brand And Dollars Auditing Marketing Operations
Authors: J. Mike Jacka, Peter R. Scott
1st Edition
163454000X, 9781634540001
