Question
During 2018, Oriole Company purchased $3,000,000 of inventory. The cost of goods sold for 2018 was $4,500,000 and the ending inventory at December 31, 2018,
"During 2018, Oriole Company purchased $3,000,000 of inventory. The cost of goods sold for 2018 was $4,500,000 and the ending inventory at December 31, 2018, was $250,000. What was the inventory turnover for 2018?
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Financial Accounting A Global Perspective
Authors: Robert Libby, Patricia Libby, Daniel G Short
5th Edition
0071107746, 978-0071107747
