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Jackson, Incorporated's sales for the year ended December 31, 2018, were $ 1 comma 302,000, and cost of goods sold amounted to $ 725,000. Beginning
Jackson, Incorporated's sales for the year ended December 31, 2018, were $ 1 comma 302,000, and cost of goods sold amounted to $ 725,000. Beginning inventory was $ 61,000, and ending inventory was $ 71,000. Compute Jackson, Incorporated's rate of inventory turnover for the year ended December 31, 2018. Round your answer to the nearest tenth
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
17th Edition
1260247783, 978-1260247787
