Question
Inventory Turnover Calculation : A retailer had beginning inventory of $50,000, ending inventory of $40,000, and cost of goods sold (COGS) of $400,000. Calculate the
Inventory Turnover Calculation: A retailer had beginning inventory of $50,000, ending inventory of $40,000, and cost of goods sold (COGS) of $400,000. Calculate the inventory turnover ratio for the retailer.
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Intermediate Accounting
Authors: David Spiceland
11th Edition
1264134525, 9781264134526
