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Determine the inventory turnover rate, using the following information: Beginning Inventory is $6,031.29, Ending Inventory is $5,278.37, and the Cost of Sales is $13,364.43. Round
- Determine the inventory turnover rate, using the following information: Beginning Inventory is $6,031.29, Ending Inventory is $5,278.37, and the Cost of Sales is $13,364.43. Round everything to two decimal places. You can use Cost-of-food-inventory-turnover Excel spreadsheet.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
