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Below is select data from the Kroger Company headquartered in Cincinnati Ohio. Compute the company's inventory turnover for Year 2. Cash Short-term investments Accounts receivable,
Below is select data from the Kroger Company headquartered in Cincinnati Ohio. Compute the company's inventory turnover for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 . $41,000 90.000 87,500 121,000 12,300 388,000 113,400 715,000 Year 1 36,850 90,000 84,250 117,000 13,500 392,000 112,500 713,000 396,000 400,000
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