Question
In 2013, Firm ABCs annual inventory turns were 6.7, and its Cost of Goods Sold (COGS) was $ 517 million. What is the average inventory
In 2013, Firm ABCs annual inventory turns were 6.7, and its Cost of Goods Sold (COGS) was $ 517 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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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
