Question
Inventory Turnover Ratio Calculation: Calculate the inventory turnover ratio for ABC Corporation using the following data: Item Amount ($) Cost of Goods Sold 500,000 Average
ยทInventory Turnover Ratio Calculation:
Calculate the inventory turnover ratio for ABC Corporation using the following data:
Item | Amount ($) |
Cost of Goods Sold | 500,000 |
Average Inventory | 100,000 |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
