Question
D Question 31 The records of Kaitlyn Corporation showed the following on December 31, 2020 Purchases $250,000 Gross Profit $220,000 Ending Inventory $15.000 Sales
D Question 31 The records of Kaitlyn Corporation showed the following on December 31, 2020 Purchases $250,000 Gross Profit $220,000 Ending Inventory $15.000 Sales Revenue $485.000 Calculate Kaitlyn Corporation's Inventory Turnover Ratio for 2020? (round to two decimal places) Answer: 4 pts
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
11th Edition
0132871939, 978-0132871938
