Question
Bonita Corporation had net credit sales of $13800000 and cost of goods sold of $9150000 for the year. The average inventory for the year amounted
Bonita Corporation had net credit sales of $13800000 and cost of goods sold of $9150000 for the year. The average inventory for the year amounted to $1500000. The inventory turnover for the year is
A. 6.1 times.
B. 9.2 times.
C. 2.4 times.
D. 1.5 times.
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CISA Certified Information Systems Auditor All In One Exam Guide
Authors: Peter H. Gregory
4th Edition
1260458806, 978-1260458800
