Question
Calculate the inventory turnover at cost for Ricky's Department Store. The starting inventory at cost was $485, 800 and the ending inventory at cost was
Calculate the inventory turnover at cost for Ricky's Department Store. The starting inventory at cost was $485, 800 and the ending inventory at cost was $236,000. Cost of goods sold for the year totaled $2,670,660.
A. 7.4
B. 5.5
C. 3.7
D. 11.3
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
3rd Edition
0273688227, 978-0273688228
