Question
Calculate inventory turn for a six month period, given: Net sales for the 6 mo period = $275,000 beginning-of-month inventory: Jan: $175,000 Feb: $225,000 Mar:
Calculate inventory turn for a six month period, given: Net sales for the 6 mo period = $275,000 beginning-of-month inventory: Jan: $175,000 Feb: $225,000 Mar: $215,000 Apr: $265,000 May: $245,000 Jun: $220,000 1.67 1.23 0.98 3.56 2.01
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