Question
Beginning Inventory is $40,000, Ending Inventory is $50,000. COGS (Cost of goods sold) are $550,000. Calculate the Inventory Turnover (present answer to two decimal places)
Beginning Inventory is $40,000, Ending Inventory is $50,000. COGS (Cost of goods sold) are $550,000. Calculate the Inventory Turnover (present answer to two decimal places) and then calculate the days in inventory?
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
