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Given the following information, answer the questions below: Ending Inventory 12/31/19 $567,000 Ending Inventory 12/31/20 $678,000 COGS for the year ended 12/31/20 $4,300,000 Calculate Inventory
- Given the following information, answer the questions below:
- Ending Inventory 12/31/19 $567,000
- Ending Inventory 12/31/20 $678,000
- COGS for the year ended 12/31/20 $4,300,000
- Calculate Inventory turns for the 2020 year?
-
- If 2021 inventory turns were 7.2 is this better or worse and why?
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
1st Edition
1844802655, 9781844802654
