Question
Char Daniels, controller for Chaka Inc., has the following items: Sales revenue $300,000 / Cost of goods sold /$180,000 /Beginning inventory $85,000 /Ending inventory $65,000.
Char Daniels, controller for Chaka Inc., has the following items: Sales revenue $300,000 / Cost of goods sold /$180,000 /Beginning inventory $85,000 /Ending inventory $65,000. Inventory turnover is:
Select one:
a. 4.00.
b. 2.40.
c. 2.00.
d. 2.12.
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
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