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Bono Company reported sales of $900,000 cost of goods sold of $600,000 and a gross profit of $300,000 for the year. Bono's beginning inventory was
Bono Company reported sales of $900,000 cost of goods sold of $600,000 and a gross profit of $300,000 for the year. Bono's beginning inventory was $120,000; the ending inventory at December 31, was $100,000.
Bono's inventory turnover for the year is:
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
