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For the next three questions, use the information provided below. Inventory: Beginning = 100,000 Ending = 300,000 Accounts Receivable: Beginning = 175,000 Ending = 225,000
For the next three questions, use the information provided below.
Inventory:
Beginning = 100,000
Ending = 300,000
Accounts Receivable:
Beginning = 175,000
Ending = 225,000
Accounts Payable:
Beginning = 40,000
Ending = 80,000
Net sales = 1,300,000
Cost of Goods sold = 600,000
Use averages of beginning and ending values to calculate the Inventory Period?
Question 6 options:
112.3 | |
3 | |
121.7 | |
4.2 |
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