Question
In 2013, Firm ABCs annual inventory turns were 5.5, and its Cost of Goods Sold (COGS) was $ 359 million. What is the average inventory
In 2013, Firm ABCs annual inventory turns were 5.5, and its Cost of Goods Sold (COGS) was $ 359 million. What is the average inventory it holds in $ million during 2013? Round your answer to the nearest integer. For example, if your answer is $201.32 million or $201,320,000, input 201.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
