Question
During the current year, the Decker Company had net sales of $15,700,000 and cost of goods sold of $9,200,000. Beginning inventory was $420,000 and ending
During the current year, the Decker Company had net sales of $15,700,000 and cost of goods sold of $9,200,000. Beginning inventory was $420,000 and ending inventory was $500,000. What was the inventory turnover for that year?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471730513, 978-0471730514
