Question
Calculate Inventory Turns - in turns - using the data you need from the list below: Annual Sales: $64'396,576 Annual Cost of materials consumed and
Calculate Inventory Turns - in turns - using the data you need from the list below:
Annual Sales: $64'396,576
Annual Cost of materials consumed and Sold: $43'511,200
Annual Year-End Profit: $20'885,376
Inventory moving average at year-End: $16'725,000
Profit Margin: 48%
a.
2.01
b.
3.2
c.
1.9
d.
2.60
e.
3.3
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
