Question
Crestwood Department Store had net credit sales of $13,000,000 and cost of goods sold of $10,000,000 for the year. The average inventory for the year
Crestwood Department Store had net credit sales of $13,000,000 and cost of goods sold of $10,000,000 for the year. The average inventory for the year amounted to $2,500,000. The inventory turnover ratio for the year is
| A. | 4 times. |
| B. | 7 times. . |
| C. | 3 times. . |
| D. | 2 times. |
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
