Question
Beginning beginning inventory is $50,000 and ending inventory is $70,000. Net sales totals $600,000 and cost of goods sold is $360,000. What is the inventory
Beginning beginning inventory is $50,000 and ending inventory is $70,000. Net sales totals $600,000 and cost of goods sold is $360,000. What is the inventory turnover ratio?
A 10.0
B 7.5
C6.0
D 4.5
E none of above
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Managerial Accounting
Authors: Susan V. Crosson, Belverd E. Needles
8th Edition
9780618777174, 618777180, 618777172, 978-0618777181
