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Connection Section has the following amounts for 2015 and 2016. Calculate the inventory turnover for each year. Round answers to two decimal places. Also
Connection Section has the following amounts for 2015 and 2016. Calculate the inventory turnover for each year. Round answers to two decimal places. Also determine if the change is favorable or unfavorable for the company. Beginning Inventory Ending Inventory 2016 2015 sold $2,590 $3,200 2,800 2,590 Cost of merchandise 13,200 15,650
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To calculate inventory turnover we use the formula Inventory tur...
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Accounting What the Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
12th edition
007802529X, 1259969525, 978-1260565492
