Question
At December 31, 2020, the following information was available for E. Swifty Company: ending inventory $40,000, beginning inventory $62,000, cost of goods sold $275,400, and
At December 31, 2020, the following information was available for E. Swifty Company: ending inventory $40,000, beginning inventory $62,000, cost of goods sold $275,400, and sales revenue $370,000.
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Calculate inventory turnover for E. Swifty Company. (Round answer to 1 decimal place, e.g. 1.5.)
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
